positive
AI startup data-centre firm Crusoe raises $1.38 billion in Series E round
AI-data-centre specialist Crusoe has secured $1.38 billion in a Series E funding round at a valuation of roughly $10 billion, according to reports. The Denver-based company originally a crypto-mining firm is pivoting to large-scale compute infrastructure for generative AI, planning expansion across Wyoming and Texas with more than 1.2 GW of capacity. Investors include top tier firms such as NVIDIA Corporation and Valor Equity Partners.
The transaction highlights how infrastructure plays are now drawing multi-billion dollar capital in the AI ecosystem.
Finance• By Pooja Kumari
Explore:Mutual Fund Screening
positive
AI startup data-centre firm Crusoe raises $1.38 billion in Series E round
AI-data-centre specialist Crusoe has secured $1.38 billion in a Series E funding round at a valuation of roughly $10 billion, according to reports. The Denver-based company originally a crypto-mining firm is pivoting to large-scale compute infrastructure for generative AI, planning expansion across Wyoming and Texas with more than 1.2 GW of capacity. Investors include top tier firms such as NVIDIA Corporation and Valor Equity Partners.
The transaction highlights how infrastructure plays are now drawing multi-billion dollar capital in the AI ecosystem.
Finance• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
80 words
Crusoe raises $1.38 billion at a $10 billion valuation to build AI-data-centre infrastructure for generative models.
AI-data-centre specialist Crusoe has secured $1.38 billion in a Series E funding round at a valuation of roughly $10 billion, according to reports. The Denver-based company originally a crypto-mining firm is pivoting to large-scale compute infrastructure for generative AI, planning expansion across Wyoming and Texas with more than 1.2 GW of capacity. Investors include top tier firms such as NVIDIA Corporation and Valor Equity Partners.
The transaction highlights how infrastructure plays are now drawing multi-billion dollar capital in the AI ecosystem.
AI-data-centre specialist Crusoe has secured $1.38 billion in a Series E funding round at a valuation of roughly $10 billion, according to reports. The Denver-based company originally a crypto-mining firm is pivoting to large-scale compute infrastructure for generative AI, planning expansion across Wyoming and Texas with more than 1.2 GW of capacity. Investors include top tier firms such as NVIDIA Corporation and Valor Equity Partners.
The transaction highlights how infrastructure plays are now drawing multi-billion dollar capital in the AI ecosystem.
Companies:
Crusoe
NVIDIA Corporation
Valor Equity Partners
Tags:
AI
infrastructure
AI
infrastructure
funding
startup
data centre