Series F (initial close; anticipated total) · AI
Crusoe announces initial close of anticipated $3.9 billion Series F
Atreides Management, Mubadala Capital and Valor Equity Partners co-led the financing, which values Crusoe at $30.9 billion.
Crusoe announced the initial closing on September 17, 2026. The anticipated total for the Series F is $3.9 billion. Other participants include Founders Fund, GIC, NVIDIA, Qatar Investment Authority, Radical Ventures and TPG.
The company plans to finance existing data-center projects and build and deploy modular Spark AI factories. The September financing builds on operating facilities, including its Abilene, Texas site, while expanding a second, modular format for compute deployment.
Use of funds
Finance existing data center projects
Build and deploy modular Spark AI factories
Funding history
Series F (initial close; anticipated total) · This round$3.9B