Crusoe News
Latest Crusoe news, funding rounds and robotics & AI coverage. $6.4B raised. 9 articles tracked by The Robotics Media.
About Crusoe
Crusoe (legally Crusoe Energy Systems, Inc.) is a vertically integrated AI infrastructure company that builds energy-first data centers and sells AI cloud computing capacity. It was founded in 2018 by Chase Lochmiller and Cully Cavness, originally to convert stranded or flared natural gas from oilfields into electricity for on-site computing, and has since expanded into large fixed data center campuses powered by a mix of gas, renewables, and grid power.
The company's core commercial product is Crusoe Cloud, a GPU-as-a-service platform offering on-demand and reserved access to NVIDIA and AMD GPUs for AI training and inference, along with managed inference, fine-tuning, and a model marketplace called Crusoe Intelligence Foundry. Crusoe also designs and deploys modular, liquid-cooled data center hardware (branded Crusoe Spark) and develops large-scale fixed campuses, including a roughly 1.2 GW, eight-building site in Abilene, Texas that forms the flagship facility of OpenAI and Oracle's Stargate data center program.
Crusoe has raised capital across at least six priced equity rounds since 2019, reaching a post-money valuation of $30.9 billion after a $3.9 billion Series F closed in September 2026. Investors across its history include Founders Fund, Valor Equity Partners, Mubadala Capital, NVIDIA, G2 Venture Partners, Bain Capital Ventures, Atreides Management, Qatar Investment Authority, and others. The company is privately held and headquartered in Denver, Colorado, with additional offices including San Francisco, Dublin, and Bellevue, Washington.
Key facts
- Headquarters: Denver, Colorado, United States
- Country: United States
- Founded: 2018
- Employees: 1,001-5,000
- Ownership: Private company
- Sectors: AI Infrastructure
- Website: https://www.crusoe.ai
Products by Crusoe
- Command Center (Software) — A unified management interface within Crusoe Cloud for monitoring and operating AI compute workloads.
- Crusoe Cloud (Software, 2021) — A GPU-as-a-service cloud platform offering on-demand and reserved NVIDIA and AMD GPU access for AI training and inference.
- Crusoe Intelligence Foundry (Service, 2025) — An AI-as-a-service offering providing access to pre-built third-party models with fine-tuning and deployment tools.
- Crusoe Spark (Hardware) — A modular, liquid-cooled data center unit designed for rapid deployment near power sources.
- Stargate Abilene Campus (Hardware, 2025) — A roughly 1.2 GW, eight-building AI data center campus in Abilene, Texas, built and operated by Crusoe and leased to Oracle and OpenAI for the Stargate project.
Funding rounds
- Series F — $3.9B — 2026 — led by Atreides Management, Mubadala Capital, Valor Equity Partners
- Series E — $1.4B — 2025 — led by Mubadala Capital, Valor Equity Partners
- Series D — $600M — 2024 — led by Founders Fund
- Series C — $350M — 2022 — led by G2 Venture Partners
- Series B — $128M — 2021 — led by Valor Equity Partners
- Series A — $30M — 2019 — led by Bain Capital Ventures
- Seed — $5.1M — 2019 — led by Bain Capital Ventures
- Seed — $4.5M — 2019 — led by Founders Fund
Latest Crusoe news
- Crusoe Walks Away From $1.25B Boom Superpower Turbine Order — Crusoe has cancelled the launch order for 29 Boom Superpower gas turbines, worth about $1.25 billion, saying gas is no longer part of its near-term Ab...
- Amazon Locks In Up To $8B Generac Backup Power Deal, Takes Warrant Stake — Amazon has signed a multi-year deal worth up to $8 billion for Generac backup power generators to firm up its AI data center fleet, taking warrants on...
- Bain Capital Ventures Closes $1.6B Fund XI To Aim At AGI-Era Infrastructure — Bain Capital Ventures has closed a $1.6B eleventh fund, planning to deploy across 30-40 seed-to-Series-B checks in AGI infrastructure, healthcare AI,...
- Crusoe And Perplexity Sign Multi-Year Deal Across Training, Inference And Enterprise — Crusoe will power Perplexity across the full model lifecycle in a new multi-year partnership: NVIDIA GB300 NVL72 training clusters, Crusoe Managed Inf...
- Robotics Investments Hit $4.87B in August 2026 With Humanoids Taking 19% of Deals — Global robotics startups raised $4.87B across 162 disclosed rounds in August 2026 per The Robot Report. China led with ~$2.44B, humanoids took 19.4% o...
- Crusoe Closes $3.9B Series F At $30.9B To Build AI Factories — Crusoe locked in $3.9 billion at a $30.9 billion valuation to scale its AI factories and Crusoe Spark modular data centers.
- Lancium And NVIDIA Team Up To Deploy Gigawatt-Scale AI Factories — Texas developer Lancium has signed a strategic partnership with NVIDIA that turns its 4 GW leased plus 15+ GW pipeline of clean campuses into deployme...
- Crusoe And Aalo Atomics Team Up To Build The First Nuclear-Powered AI Factory — Crusoe and Aalo Atomics will pair a Crusoe Spark modular data center with an Aalo XMR reactor at Idaho National Laboratory in 2027 to prove out nuclea...
- Crusoe in Talks to Raise $3B at $30B Valuation to Scale AI Data Centers — AI data center builder Crusoe is reportedly in talks for a $3 billion round that could triple its valuation to $30 billion, funding a manufacturing ra...