Crusoe, a vertically integrated AI infrastructure provider, announced it has closed a $600 million Series D funding round, enabling the company to advance its mission to align the future of computing with the future of the climate.
The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. The company’s value is now $2.8 Billion. Through its approach, Crusoe has established itself as a leader in the AI industrial revolution, according to the company.
With the latest fundraise, Crusoe will invest in expansion and growth across the value chain, including its data centers and Crusoe Cloud. Crusoe focuses on utilizing clean, abundant, and low-cost energy to power its computing resources and has over 15 gigawatts in development.
Crusoe provides a reliable, cost-effective, and environmentally aligned solution for AI infrastructure by harnessing large-scale clean energy, building AI-optimized data centers, and empowering builders with a feature-rich development platform.
“We believe a new approach is needed to power the AI revolution,” said Chase Lochmiller, CEO and co-founder of Crusoe. “To reduce complexity, accelerate time-to-value, and support the most demanding AI solutions, customers need a vertically integrated approach. We are able to innovate faster and bring new, state-of-the-art capacity online in a fraction of the time compared to legacy cloud providers while delivering unmatched results for customers, making the promises of AI a reality.”
In addition to funding, Crusoe announced the general availability of Crusoe Cloud, the high-performance cloud platform tailored for AI and machine learning (ML) workloads.
Now, developers and data scientists can access Crusoe Cloud’s resources, managed services, and enterprise-grade support for AI exploration, model training, fine-tuning, and scalable inference workloads.
With more data centers planned, the company will expand into new markets and support job creation and resources for local communities.
For more information about this news, visit https://crusoe.ai/.