Crusoe Raises $3B at $30B Valuation as AI Infrastructure Demand Surges

TechCrunch · United States · Sep 4, 2026

AI infrastructure and data center developer Crusoe has raised a $3 billion funding round at a $30 billion valuation, co-led by Atreides Management and Valor Equity Partners with participation from Mubadala Capital. The raise comes just 10 months after a $1.38 billion round and follows a $13 billion, five-year GPU cloud contract with quantitative trading firm Jane Street. Crusoe counts Meta, Microsoft, and OpenAI among its customers and is reportedly in early IPO discussions with Goldman Sachs and Morgan Stanley. The rapid capital accumulation signals continued explosive demand for AI compute infrastructure, a trend that is driving significant hiring across technical and data center roles.