- $600M funding and $2.8B valuation: Crusoe closed its Series D round led by Founders Fund, with participation from NVIDIA, Fidelity, and others.
- Sustainable AI infrastructure: Crusoe combines clean energy and AI-optimized data centers to reduce costs and environmental impact.
- Rapid growth and expansion: Crusoe’s customer base grew 7x in the last year, with a footprint in nine states and three countries.
Crusoe, the industry’s first vertically integrated AI infrastructure provider, has raised $600 million in Series D funding, valuing the company at $2.8 billion. Founders Fund led the round, joined by Fidelity, NVIDIA, Valor Equity Partners, and others. The funding will support Crusoe’s expansion of AI-optimized data centers, clean energy solutions, and its Crusoe Cloud platform.
“The biggest risk with AI is that we don’t go big enough. Crusoe is here to liberate us from the island of limited ambition,” said Peter Thiel, Partner at Founders Fund.
A New Standard for AI Infrastructure
Crusoe is redefining AI infrastructure with a vertically integrated approach, combining large-scale clean energy with state-of-the-art data centers to support demanding AI and machine learning workloads. The company’s Crusoe Cloud platform, now generally available, offers developers enterprise-grade support for model training, scalable inference, and AI exploration.
“We are able to innovate faster and bring new, state-of-the-art capacity online in a fraction of the time compared to legacy cloud providers,” said Chase Lochmiller, CEO and co-founder of Crusoe.
Related Article: Google Accelerates Carbon-Free AI Data Centers with $20 Billion Clean Energy Partnership
Milestones and Impact
Crusoe’s growth underscores its mission to align AI computing with climate goals:
- Customer growth: Customer count increased 7x in the past year.
- Global footprint: Operating in nine states and three countries, including Iceland.
- Economic contributions: A new data center in Abilene, Texas, will add $1 billion to the local economy and create over 800 jobs.
“Crusoe delivers unmatched price-performance, speed-to-market, and sustainability. We’re excited to support their journey,” said Sean Liu, Partner at Founders Fund.
Powering the AI Revolution
Crusoe’s technology has enabled rapid scaling for AI innovators:
- Decart: Scaled capacity 5x to serve 2 million users in four days.
- Codeium: Achieved 99.98% uptime for its AI-powered code assistant used by 700,000 developers.
With over 15 gigawatts of clean energy in development, Crusoe is poised to power the next wave of AI innovation while advancing sustainability.
“We’re powering the future of AI in a sustainable way,” Lochmiller emphasized.
Takeaway
Crusoe’s latest funding cements its position as a leader in AI infrastructure. With a commitment to innovation, sustainability, and economic impact, Crusoe is shaping the future of AI computing.
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