Crusoe reportedly raises $3B at a $30B valuation

In Brief Posted: 5:48 PM PDT · September 3, 2026 Image Credits: Gerville / Getty Images Marina Temkin Crusoe reportedly raises $3B at a $30B valuation Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg reported . The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund Mubadala. The company recently signed a massive $13 billion , five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure, Bloomberg reported. The fresh fundraise comes 10 months after Crusoe raised a $1.38 billion round at a $10 billion valuation last October. Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has since pivoted into a major AI infrastructure and cloud provider that is best known for developing hyperscale data center campuses for clients like Oracle and OpenAI. The company recently met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios reported last month. Topics AI , crusoe , TC , Venture October 13 – 15 San Francisco Don’t miss out . The startup community will gather to answer a pivotal question: How do you build sustainably in the AI era? REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related Biotech & Health Oura files to go public Lucas Ropek 2 hours ago Transportation Tesla is asking people if they want to buy and run Cybercab fleets Kirsten Korosec 3 hours ago Startups Startup ARR is less secure than ever, new research shows Julie Bort 4 hours ago Latest in Venture In Brief Crusoe reportedly raises $3B at a $30B valuation Marina Temkin 41 seconds ago TechCrunch Disrupt 2026 Last 2 days to apply to host a Side Event at TechCrunch Disrupt 2026 TechCrunch Events 8 hours ago In Brief AfterQuery reportedly becomes Y Combinator’s fastest-ever unicorn, now valued at $3.2B Julie Bort 2 days ago