Crusoe raises $3.9 billion in Series F funding at $30.9 billion valuation

AI infrastructure startup Crusoe has secured $3.9 billion in Series F funding, reaching a post-money valuation of approximately $30.9 billion. The round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA). Originally a crypto mining service provider, Crusoe now focuses on AI data center infrastructure, including the deployment of compact, truck-mounted "Spark" data centers to utilize stranded power for AI inference.