Crusoe, the US data-centre developer whose customers include Meta, Microsoft and OpenAI, has reportedly raised $3 billion in fresh funding at a valuation of $30 billion.
The investment was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, the asset-management arm of Abu Dhabi’s sovereign wealth fund, Bloomberg reported.
The new funding comes less than a year after Crusoe secured $1.38 billion at a valuation of $10 billion in October. The latest deal underlines the rapid rise in investor interest in the infrastructure required to run artificial intelligence services.
Crusoe has also agreed a five-year cloud contract worth $13 billion with quantitative trading firm Jane Street. The agreement will see it provide graphics processing units and other AI infrastructure, according to Bloomberg.
Founded in 2018 as a cryptocurrency-mining business using power from flared natural gas, Crusoe has since shifted its focus towards data centres and cloud computing. It is now known for developing large-scale facilities for customers including Oracle and OpenAI.
The company has held discussions with investment banks including Goldman Sachs and Morgan Stanley about a possible initial public offering in the near term, Axios reported last month.
