AI
AI neocloud Crusoe raises $3.9B Series F at $30.9B post-money
Denver-based neocloud Crusoe closed a $3.9 billion Series F on Thursday at a $30.9 billion post-money valuation, with Atreides Management, Mubadala Capital and Valor Equity Partners co-leading and Founders Fund, GIC, Nvidia, the Qatar Investment Authority, Radical Ventures and TPG also participating. Crusoe, founded in 2018 as a cryptocurrency miner and now a build-to-suit AI data-centre operator that hosts one of OpenAI's largest sites in Abilene, Texas, says it holds more than $140 billion in contracted work and over 6 GW of contracted capacity with 1 GW already operating.