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    Crusoe

    Crusoe

    Late Stage · Wholesale investors only

    Valuation (Sep 2026)

    $30.9B

    Contracted value

    $140B+

    Contracted capacity

    6GW+

    Founded

    2018

    Figures from Crusoe's Series F release (17 Sep 2026) and its About page. Contracted value and capacity are contracted, not delivered: 1 GW of gross capacity was delivered and operational as of 17 Sep 2026. Valuations are historical events, not an offer price.

    Historical events, not an offer price

    Financing milestones

    1. 1Dec 2024

      Series D funding round

      $600M

      Led by Founders Fund; $2.8B valuation in the release headline and summary (pre- or post-money not stated)

    2. 2Oct 2025

      Series E round

      $1.375B

      Initial closing of an anticipated round; expected valuation over $10B (pre- or post-money not stated); co-led by Valor Equity Partners and Mubadala Capital

    3. 3Sep 2026

      Series F funding round

      $3.9B

      Initial closing of an anticipated round, at a $30.9B post-money valuation; co-led by Atreides Management, Mubadala Capital and Valor Equity Partners

    The AI factory company

    Crusoe’s own description

    A meter of fine cells drawn to scale, with the Crusoe logo: an outline of 6GW+ of gross contracted capacity across data centres and cloud, inside which 1 GW of gross capacity, delivered and operational as of 17 Sep 2026, is lit in yellow.

    Figures: Crusoe newsroom, 17 Sep 2026. Drawn to scale.

    About Crusoe

    In its own words: “Crusoe is the first vertically-integrated AI infrastructure platform.” Its stated mission is to “accelerate the abundance of energy and intelligence”.

    Company Highlights

    • Initial closing of an anticipated $3.9B Series F in Sep 2026, at a $30.9B post-money valuation — co-led by Atreides Management, Mubadala Capital and Valor Equity Partners.
    • $140B+ in total contracted value (TCV) across its vertically-integrated platform, serving AI native, hyperscaler, frontier model and enterprise customers.
    • 6GW+ of gross contracted capacity across data centres and cloud, including 1 GW of gross capacity delivered and operational in Sep 2026.
    • Crusoe Cloud bookings grew 20x+ year over year to date, and Crusoe Managed Inference has contracted over $100M in ARR — one product's contracted ARR, not company revenue.
    • Founded in 2018, with a workforce of over 1,800 across five countries as of Sep 2026.

    Source: Crusoe's newsroom (Series F release, 17 Sep 2026) and its About page.

    From the Crusoe newsroom

    1. Crusoe28 Sep 2026Crusoe Developing Data Center Campus in Armstrong County, Texas
    2. Crusoe23 Sep 2026Crusoe and Thinking Machines Lab Partner to Power Open-Model Inference at Scale
    3. Crusoe17 Sep 2026Crusoe Raises $3.9 Billion Series F for its Vertically-Integrated AI Infrastructure Platform
    4. Crusoe15 Sep 2026Crusoe and Perplexity Announce Multi-Year Partnership Across Full Model Lifecycle
    5. Crusoe14 Sep 2026Crusoe Opens Second Tulsa Manufacturing Facility, Expanding Production of Critical AI Infrastructure Components

    Headlines and dates as published in Crusoe's own releases on crusoe.ai. Media coverage listed in Crusoe's newsroom is not included.

    Leadership Team

    Chase Lochmiller

    Co-founder, CEO and Chairman of the Board of Directors

    Cully Cavness

    Co-founder, President and Chief Strategy Officer

    Chris Dolan

    Chief Data Center Officer

    Jamey Seely

    Chief Legal Officer

    Matt Field

    Chief Real Estate Officer

    Michael Gordon

    Chief Operating Officer and Chief Financial Officer

    Nitin Perumbeti

    Chief Technology Officer

    Tara Green

    Chief People Officer

    Tim Loos

    Chief Accounting Officer

    Named investors

    Atreides Management

    Series F, 2026 (co-lead) · Series E, 2025 · Series C, 2022

    Mubadala Capital

    Series F, 2026 (co-lead) · Series E, 2025 (co-lead)

    Valor Equity Partners

    Series F, 2026 (co-lead) · Series E, 2025 (co-lead) · Series D, 2024 · Series C, 2022 · Series B, 2021 (lead)

    G2 Venture Partners

    Series C, 2022 (lead)

    Bain Capital Ventures

    Series C, 2022 · Series B, 2021 · Equity round, Dec 2019 (co-lead)

    KCK Group

    Series B, 2021 · Equity round, Dec 2019 (co-lead)

    Fidelity Management & Research Company

    Series F, 2026 · Series E, 2025 · Series D, 2024 (as "Fidelity")

    Altimeter

    Series F, 2026 · Series E, 2025 (as "Altimeter Capital")

    Tiger Global

    Series F, 2026 · Series E, 2025 (as "Tiger Global Management")

    MCJ

    Series E, 2025 · Series C, 2022 (as "MCJ Collective")

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