Crusoe Raises $3.9B Series F, Valuation Hits $30.9B as AI Infrastructure Demand Surges

TechCrunch · United States · Sep 17, 2026

Data center developer Crusoe closed a $3.9 billion Series F round co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, pushing its valuation to $30.9 billion. Capital will fund existing large-scale data centers — including an Abilene, Texas site used by OpenAI — as well as modular 'AI factories' deployable without major construction workforces. The fundraise follows a $13 billion cloud contract with Jane Street and signals a potential IPO, underscoring surging enterprise demand for AI compute that could drive significant hiring in data center operations, technical staffing, and infrastructure roles. Crusoe's customers include Meta, Microsoft, and Oracle.