Crusoe Raises $3 Billion at $30 Billion Valuation

Crusoe develops data centers and cloud infrastructure for artificial intelligence workloads, serving customers including OpenAI, Meta and Microsoft. Its rapid expansion comes as technology companies race to secure GPUs, power and computing capacity for increasingly demanding AI models. The company’s rising valuation underscores continued investor appetite for infrastructure providers positioned to benefit from the buildout.

Crusoe reportedly completed a $3 billion funding round in September 2026 at a $30 billion valuation. The financing follows a $13 billion GPU cloud supply agreement with quantitative trading firm Jane Street, adding a major long-term customer commitment to its growth pipeline. Crusoe is also actively evaluating a potential initial public offering in the near term, according to the event summary.