AI Infrastructure Demand Rises, Crusoe's Valuation Surges to $30 Billion in 10 Months
Data center developer Crusoe completed a $3 billion funding round, with a valuation of $30 billion, led by Atreides Management and Valor Equity Partners, with Mubadala Capital participating. Its clients include Meta, Microsoft, and OpenAI. Recently, it also signed a $1.3 billion five-year cloud service contract to provide GPU and AI infrastructure for quantitative trading company Jane Street.