AI infrastructure provider Crusoe valued at $30.9 billion in latest funding round

AI infrastructure provider Crusoe said on Thursday it has raised $3.9 billion at a post-money valuation of $30.9 billion, as demand for computing capacity to power AI workloads continues to surge.

Launched in 2018 as a cryptocurrency business, Crusoe later pivoted ​to building AI infrastructure and is among the ​upcoming “neoclouds” that provide specialised AI cloud and data ⁠center services.

The Series F round was co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, alongside significant backing from new and existing investors including Founders Fund, Nvidia and QIA, among others.