AI startup Crusoe valued at $30 billion after new funding

AI data center startup Crusoe has raised over $3 billion in a funding round that values it at roughly $30 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.

Launched in 2018 as a cryptocurrency business, Crusoe has pivoted to ‌building AI ⁠infrastructure ⁠and is among the upcoming "neoclouds" that provide specialized AI cloud and data center services.

Crusoe in 2025 raised $1.38 billion in a funding ​round at a valuation of more than $10 billion.


Crusoe's roughly $30 billion valuation is on a post-money basis, including ​the new capital raised, the report ⁠said.

Separately, ‌the startup has signed a five-year ​cloud contract ​with trading firm Jane Street Group valued ⁠at around $13 billion, Bloomberg News reported on ​Thursday, citing sources.

Jane Street is Crusoe's ​highest-profile cloud customer yet, and the deal helped attract interest in Crusoe's latest fundraising effort, the report said.

Crusoe has contracts to supply AI computing power to the likes of Meta Platforms and Oracle, the ‌Bloomberg report said.

Crusoe could not immediately be reached for comment outside regular business hours.

​It has ​been expanding its ⁠AI infrastructure business as demand for computing power to develop and run AI models drives a surge in data ​center spending.

The startup said in June that it had contracts for 4.9 gigawatts of computing power and more than 40 gigawatts in its total project pipeline.