Crusoe is expanding its AI infrastructure with 1.375 billion dollars.

Crusoe announced that it has successfully closed a Series E funding round worth $1.375 billion, led by Valor Equity Partners and Mubadala Capital. This investment has pushed the company's valuation above $10 billion.

In this highly sought-after round, other significant investors include 137 Ventures, 1789 Capital, Fidelity Management & Research Company, NVIDIA, Salesforce Ventures, and Tiger Global Management. Additionally, funds managed by Blue Owl are expected to participate in upcoming closings.

Crusoe has solidified its leadership position globally with an integrated model that provides rapid energy sourcing, AI-optimized data center design, and a high-performance AI cloud platform. The company's AI cloud platform, Crusoe Cloud, simplifies the process for AI developers to innovate without managing complex infrastructure, saving time and effort.

Crusoe offers reliable service with a 99.98% uptime and operational-level support. The company has accelerated the management of AI services and memory optimization through the acquisition of Atero to enhance performance.

The company's integrated model allows it to build AI data center campuses at a gigawatt scale, achieving this more quickly and cost-effectively. Lastly, the first phase of the 1.2 gigawatt data center campus in Texas became operational just one year after construction began.

Chase Lochmiller, the CEO of Crusoe, stated, "Advancements in AI will lead to new scientific breakthroughs and an extraordinary period of economic growth. However, bottlenecks in energy and computing limit the pace of progress." With the investment received, Crusoe aims to accelerate the delivery of AI factories at the demanded speed and scale.

Over the past year, Crusoe has experienced significant growth and success. During this period, its energy portfolio has grown by over 400%, reaching 45 gigawatts. Moreover, customer demand for Crusoe Cloud services has increased fivefold in the first three quarters of 2025 compared to the previous year.

The company has announced additional cloud capacity in Norway and Iceland, and continues its global expansion by opening new offices in Dublin, Sunnyvale, and Tel Aviv.