Crusoe supplies AI infrastructure to OpenAI, Meta, Microsoft, and Oracle and has signed a $13B GPU contract with Jane Street.

Data center developer Crusoe has raised a new $3 billion round at a $30 billion valuation. Bloomberg reported the deal, with Atreides Management and Valor Equity Partners co-leading and Mubadala Capital participating.

Crusoe launched in 2018 as a crypto mining operation powered by flared natural gas. Crusoe has since pivoted into an AI infrastructure and cloud provider that develops hyperscale data center campuses for clients such as Oracle and OpenAI. Crusoe’s customers include Meta, Microsoft, and OpenAI.

The fresh funding gives Crusoe additional capital following a $13 billion, five-year cloud contract to supply Jane Street with GPUs and AI infrastructure. For builders and operators, Crusoe’s trajectory shows the growing financial scale required to run modern AI data centers.

Crusoe recently met with Goldman Sachs and Morgan Stanley to discuss a potential near-term IPO. The new $3 billion round arrives 10 months after a $1.38 billion round at a $10 billion valuation, so the company’s valuation has tripled in less than a year.

What matters

• Crusoe raised a $3B round at a $30B valuation from Atreides, Valor, and Mubadala.
• Crusoe develops hyperscale data center campuses for Oracle and OpenAI, making it a major AI cloud provider.
• Crusoe has met with Goldman Sachs and Morgan Stanley to discuss a possible near-term IPO.

Why it matters

Crusoe has met with Goldman Sachs and Morgan Stanley to discuss a possible near-term IPO.

This GenAI News article was prepared in original wording using reporting and materials published by TechCrunch AI. Source reference: https://techcrunch.com/2026/09/03/crusoe-reportedly-raises-3b-at-a-30b-valuation/.

Drafted by the GenAI News review pipeline.