HedgeCo.Net — Crusoe, the AI infrastructure and data-center developer that counts OpenAI, Microsoft, and Meta among customers, has raised over $3 billion in a round valuing the company at roughly $30 billion, people familiar with the matter told Bloomberg on September 3. TechCrunch independently carried the same over-$3 billion / ~$30 billion print, naming Atreides Management and Valor Equity Partners as co-leads and Mubadala Capital as a participant.
The raise comes about 10 months after a $1.38 billion round at a $10 billion valuation last October. Bloomberg and TechCrunch both note a recent roughly $13 billion, five-year cloud contract to supply Jane Street with GPUs and AI infrastructure. Axios had previously reported that Crusoe met investment bankers including Goldman Sachs and Morgan Stanley about a potential near-term IPO. The company began in 2018 using flared gas for crypto mining before pivoting into hyperscale AI campuses.
This is a reported late-stage financing, not a public SEC filing close. Mark over $3 billion raised, ~$30 billion valuation, Atreides and Valor as co-leads, Mubadala Capital as a participant, $1.38 billion / $10 billion as the prior round, and ~$13 billion / five years as the Jane Street contract line. Do not invent a lead check size, a fully diluted share count, or a priced IPO window. The allocator object is growth and sovereign capital stacking into AI power and compute capacity at a 3x valuation step-up in under a year.