Abu Dhabi’s Mubadala Capital has led a $1.4 billion funding round for data centre start-up Crusoe. Alongside US investment firm Valor Equity Partners, Mubadala Capital took the lead in this oversubscribed equity fundraising effort. As a result, Crusoe has more than tripled its valuation to over $10 billion within just one year.
Since its founding in 2018, Crusoe has raised a total of nearly $3.9 billion. This latest round highlights the company’s rapid growth and its ability to attract global investors.
Partnership with OpenAI and Expansion Plans
Crusoe is collaborating with OpenAI to build the company’s first large-scale data centre in the United States, located in Abilene, Texas. The facility is expected to be completed by mid-2026. This partnership marks a significant milestone in Crusoe’s strategy to support cutting-edge AI infrastructure.
The start-up’s CEO, Chase Lochmiller, confirmed that its current development pipeline totals 45 gigawatts of capacity. These ambitious plans indicate a strong focus on scaling operations and meeting the growing demand for data-intensive technologies.
Global Investment Confidence
The oversubscribed funding round demonstrates investors’ confidence in Crusoe’s business model and long-term prospects. With backing from Mubadala Capital and Valor Equity Partners, the company is well-positioned to continue expanding its footprint in the US and globally. This infusion of capital not only accelerates Crusoe’s projects but also reinforces Abu Dhabi’s growing influence in the technology and investment sectors.
