AI data center builder Crusoe reportedly raising $3B at $30B valuation
Data center builder Crusoe Inc. is reportedly in talks to raise a $3 billion funding round.
Bloomberg on Thursday cited sources as saying that the deal could value the company at $30 billion. That’s about three times what Crusoe was worth last year.
The report didn’t name the investors who may participate in the new raise, but late-stage rounds often draw contributions from existing backers. Crusoe’s last funding round included the participation of Nvidia Corp., Salesforce Ventures and more than a dozen others. The company has raised a total of $2.77 billion to date.
Crusoe builds data centers for major tech firms such as Microsoft Corp., Oracle Corp. and OpenAI Group PBC. According to Bloomberg, Meta Platforms Inc. is also a customer. The social media giant has reportedly signed contracts to use two Crusoe data centers undergoing construction in Texas and Missouri.
