AI factory company Crusoe raises $1.375B at valuation above $10B

Crusoe, the AI factory company, announced the initial closing of its anticipated $1.375B Series E round, bringing the company’s expected valuation to over $10B. The oversubscribed round was co-led by technology investors Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Atreides Management, BAM Elevate, DPR Construction, Ora Global, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, Galvanize, Long Journey Ventures, Lowercarbon Capital, M37 Management, MCJ, NVIDIA (NVDA), Radical Ventures, Ribbit Capital, Salesforce Ventures, Saquon Barkley, Spark Capital, StepStone Group, Supermicro, T. Rowe Price, Tiger Global Management, Upper90, Winklevoss Capital, and Zigg Capital. In addition, funds managed by Blue Owl are expected to join in a later closing. Crusoe’s AI cloud platform, Crusoe Cloud, empowers AI builders to focus on innovating rather than managing complex infrastructure.