Valor Equity Partners and Mubadala Capital led a $1.375bn Series E funding round in Crusoe

Valor Equity Partners, an investment firm, and Mubadala Capital, an asset management firm, led a $1.375bn Series E funding round in Crusoe, an AI infrastructure company, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Atreides Management, BAM Elevate, DPR Construction, Ora Global, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, Galvanize, Long Journey Ventures, Lowercarbon Capital, M37 Management, MCJ, NVIDIA, Radical Ventures, Ribbit Capital, Salesforce Ventures, Saquon Barkley, Spark Capital, StepStone Group, Supermicro, T. Rowe Price, Tiger Global Management, Upper90, Winklevoss Capital, Zigg Capital, amd Blue Owl. “Advances in AI will usher in an era of AI driven abundance, leading to new scientific breakthroughs and unprecedented economic growth and human prosperity. However, the pace of progress is constrained by bottlenecks in energy and compute. Crusoe is in the business of activating energy for intelligence and helping the greatest innovators of our generation build the future faster. Today’s Series E enables Crusoe to rapidly expand our vertically integrated approach to delivering AI factories at the speed and scale needed to meet the ambitions of our customers. Crusoe is uniquely positioned to deliver both the physical infrastructure needed for an AI factory, including power and data centers, as well as the high performance software required to operate an AI factory and produce intelligence efficiently at scale through Crusoe Cloud,” Chase Lochmiller, Crusoe CEO and Co-founder.