Artificial intelligence (AI) data center company Crusoe announced on Thursday that it has successfully raised $1.38 billion through a round of equity financing, and the company's valuation has broken through the $10 billion threshold. The success of this funding round highlights investors' great confidence in the explosive growth of the AI infrastructure market.
Crusoe currently operates a large data center complex in Texas, providing critical services to industry giants OpenAI and Oracle Corp..
This funding round was co-led by renowned investment institutions Valor Equity Partners and Mubadala Capital, an asset management firm under Abu Dhabi's sovereign wealth fund Mubadala Investment Company.
Other important participants in the investment include NVIDIA, Altimeter Capital, BAM Elevate, Founders Fund, Fidelity Management, Salesforce Ventures, and Super Micro Computer.
Crusoe's business model focuses on using low-cost, clean energy to provide infrastructure for large-scale AI computing. Its valuation of up to $10 billion makes it a key player among infrastructure providers in the AI "arms race."
