Crusoe, launched in 2018 as a cryptocurrency business, has pivoted to building AI data center infrastructure and is among the emerging “neoclouds” providing specialized AI cloud and compute services. The company has contracts to supply AI computing power to Meta and Oracle, and said in June it had contracts for 4.9 gigawatts of computing power with more than 40 gigawatts in its total project pipeline.
Investors not disclosed
The roughly $30 billion post-money valuation nearly triples Crusoe's $10 billion-plus valuation from its $1.38 billion round in 2025, a jump Bloomberg reports was helped by Crusoe's newly signed, roughly $13 billion, five-year cloud contract with trading firm Jane Street, its highest-profile customer yet. The scale of the raise signals continued investor appetite for AI infrastructure “neoclouds” that build and lease out data center capacity, even as the broader market shows signs of tightening compute supply.