Mubadala Capital, which previously participated in a US$350 million Series C round for the US-based AI infrastructure firm Crusoe in July 2022, has now led the company’s anticipated US$1.375 billion Series E funding. The latest round values Crusoe at over US$10 billion, reinforcing its growing dominance in the AI infrastructure market.
The oversubscribed round was co-led by Mubadala Capital and Valor Equity Partners, highlighting strong investor confidence in Crusoe’s business model and technological potential.
Crusoe has emerged as a global leader in AI infrastructure, driven by its vertically integrated model that encompasses rapid energy sourcing, AI-optimised data centre design and construction, and a high-performance cloud platform tailored for AI workloads.
Other notable investors in the Series E round include Nvidia, Fidelity Management & Research Company, Franklin Templeton, Salesforce Ventures, Supermicro, T. Rowe Price, and Tiger Global Management, further cementing Crusoe’s position as a key player in the sector.
Chase Lochmiller, CEO and co-founder of Crusoe, stated that advances in AI are ushering in an “era of AI-driven abundance” that will foster scientific breakthroughs and economic growth. However, he emphasised that progress remains hindered by constraints in energy and computing resources. Lochmiller explained that Crusoe’s mission is to activate energy for intelligence, enabling innovators to accelerate technological progress.
He added that the new funding will allow the company to scale its vertically integrated AI factory model, offering both the physical infrastructure—including power and data centres—and the high-performance software needed to operate AI factories efficiently at scale.
Crusoe’s flagship product, Crusoe Cloud, is designed to empower AI developers by removing infrastructure complexities. The platform streamlines operations and shortens the time to deployment, enabling customers to innovate and deliver AI solutions faster and more effectively.
