Crusoe, a data center company supplying computing power for artificial intelligence workloads, is reportedly in discussions to raise roughly $3 billion in a funding round that could increase the firm’s valuation by about three times, according to people familiar with the matter. The company has contracts to provide AI computing services to major technology and cloud customers, including Meta Platforms and Oracle. Sources say the talks are at an early stage, with the final amount and terms depending on negotiations. The potential valuation jump would represent a significant expansion of investor expectations for Crusoe’s role in supplying AI infrastructure and related data center capacity. Both outlets describe the funding effort similarly, citing the same broad figure for the raise and the same valuation outcome range, while not providing additional details such as the round’s structure, participating investors, timing, or whether the company will ultimately complete the transaction. No official statement from Crusoe is included in the provided reports.
Crusoe in talks to raise about $3 billion, aiming to triple its valuation
Crusoe, a data center company supplying computing power for artificial intelligence workloads, is reportedly in discussions to raise roughly $3 billion in a funding round that could increase the firm’...
- Crusoe is in talks to raise about $3 billion in a funding round.
- The round may triple Crusoe’s valuation, according to people familiar with the situation.
- Crusoe provides AI computing power through data center services.
- The company has contracts with customers including Meta Platforms and Oracle.
- The reports describe the discussions as ongoing and based on unnamed sources.
Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp., is in talks to raise about $3 billion in a funding round that may triple the company’s valuation, people familiar with the situation said.
4 hours agoCrusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp., is in talks to raise about $3 billion in a funding round that may triple the company’s valuation, people familiar with the situation said.
4 hours ago
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