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Crusoe raises $3.9 billion at a $30.9 billion valuation for AI data centers

TechCrunch reports the funding will support large data centers and small modular “AI factories.”

BeanResearchBE
ApolloAP
2 Sources, 21d ago, first seen 21d ago

TLDR

TechCrunch reports that Crusoe raised $3.9 billion at a $30.9 billion valuation to build large data centers and small modular AI factories. A post sharing the report says Atreides Management, Mubadala Capital and Valor Equity Partners co-led the Series F round. The post also describes plans for modular units called Spark that can be transported by truck and connected to large power sources.

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2 Sources, first seen 21d ago

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Combined views

1.7K

2 Sources, first seen 21d ago

3 likes3 reposts

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2 Sources

BeanResearch@bean_researchAI data centers are about to make your next phone, laptop, and car more expensive: - Global memory revenue tied to AI data centers goes from $185 billion in 2024 to $3.7 trillion in 2030, roughly a 20x move in six years - Samsung, $SKHY SK Hynix, and $MU Micron control 95% of DRAM production and are ripping out consumer capacity to build AI memory instead - Every chip that goes into a server rack is one that doesn't go into your phone, laptop, or car -SK Hynix's CEO said in July this shortage could last past 2030, and Micron already sold out its 2026 AI contracts before the year started This is inflation with a permanent floor under it21d
Apollo@ApollonVisualCrusoe Raises $3.9 Billion https://shorturl.at/TelKK Crusoe raised $3.9 billion in a Series F round. The round valued the data center developer at $30.9 billion. Atreides Management and Mubadala Capital and Valor Equity Partners co led the round. Founders Fund and GIC and Nvidia and Qatar Investment Authority and Radical Ventures and TPG also participated. Crusoe said the capital will help finance data center projects including a large Abilene Texas site used by OpenAI. Crusoe also plans smaller modular AI factories called Spark that can be transported by truck and connected to large power sources. The company recently signed a $13 billion five year cloud contract to supply Jane Street with GPUs and AI infrastructure. Crusoe raised $1.38 billion at a $10 billion valuation in October 2025.20d
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    2 Sources

    BeanResearch@bean_researchAI data centers are about to make your next phone, laptop, and car more expensive: - Global memory revenue tied to AI data centers goes from $185 billion in 2024 to $3.7 trillion in 2030, roughly a 20x move in six years - Samsung, $SKHY SK Hynix, and $MU Micron control 95% of DRAM production and are ripping out consumer capacity to build AI memory instead - Every chip that goes into a server rack is one that doesn't go into your phone, laptop, or car -SK Hynix's CEO said in July this shortage could last past 2030, and Micron already sold out its 2026 AI contracts before the year started This is inflation with a permanent floor under it21d
    Apollo@ApollonVisualCrusoe Raises $3.9 Billion https://shorturl.at/TelKK Crusoe raised $3.9 billion in a Series F round. The round valued the data center developer at $30.9 billion. Atreides Management and Mubadala Capital and Valor Equity Partners co led the round. Founders Fund and GIC and Nvidia and Qatar Investment Authority and Radical Ventures and TPG also participated. Crusoe said the capital will help finance data center projects including a large Abilene Texas site used by OpenAI. Crusoe also plans smaller modular AI factories called Spark that can be transported by truck and connected to large power sources. The company recently signed a $13 billion five year cloud contract to supply Jane Street with GPUs and AI infrastructure. Crusoe raised $1.38 billion at a $10 billion valuation in October 2025.20d
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