Crusoe Inc., a provider of modular data centers tailored for artificial intelligence workloads, is reportedly seeking to raise $3 billion in new funding. Sources cited by Bloomberg indicate this round could value the company at approximately $30 billion, a significant increase from its valuation last year.
The startup has already raised nearly $2.8 billion to date, attracting investments from major tech players such as Nvidia and Salesforce Ventures. While the current funding round does not publicly disclose investors, it likely includes existing backers given its late-stage nature.
Crusoe manufactures prefabricated data center modules that integrate server racks, cooling systems, and power management components. These modules are shipped ready for assembly and connected to the power grid on-site. The company supports rapid deployment through its proprietary management platform, Command Center, which automates hardware monitoring and failure replacement using Kubernetes and Slurm technologies. This strategy reportedly allows Crusoe to deliver fully operational data centers within months—cutting typical construction timelines drastically.
Among Crusoe’s key clients are industry giants including Microsoft, Oracle, OpenAI, and Meta Platforms. Meta has signed contracts to use two data centers currently under construction in Texas and Missouri. One of Crusoe’s centerpiece projects is a 1.2-gigawatt cluster built for OpenAI in Abilene, Texas, which features several operational buildings and represents the largest Stargate campus developed for ChatGPT’s infrastructure.
In addition to serving major corporate customers, Crusoe operates a public cloud platform optimized for artificial intelligence workloads. This offering includes various graphics processing units from Nvidia and AMD. The company has also introduced Edge Zones, compact cloud facilities placed near end-users to support latency-sensitive applications.
To scale production, Crusoe recently opened a factory dedicated to manufacturing its prefabricated modules, with initial shipments expected shortly. The proceeds from the new $3 billion round may accelerate this manufacturing and infrastructure expansion.