Crusoe Raises $3.9B to Build Massive Data Centers and Small Modular 'AI Factories'
The round values the data center giant at $30.9 billion.
TL;DR
- Crusoe raised $3.9 billion in a Series F round, valuing the company at $30.9 billion.
- The funding will support existing large data center projects and the creation of modular 'AI factories' called Spark.
- The modular factories can be transported by truck and deployed rapidly, potentially mitigating community backlash.
- New board members include Cloudflare CFO Thomas Seifert, Bill Stein, and Redwood Materials founder JB Straubel.
- Crusoe's business model involves leasing data center space, renting GPUs, and selling compute power for AI inference.
- The company previously secured a $13 billion cloud contract with Jane Street and is considering an IPO.
- Crusoe pivoted from crypto mining to AI infrastructure, with customers including Meta, Microsoft, and Oracle.