AI data center startup Crusoe has entered advanced discussions to raise nearly $3 billion in a fresh funding round that could almost triple its valuation, according to a news report that cited people familiar with the matter. The proposed investment highlights the growing demand for AI infrastructure, AI cloud computing, and high-performance data centers as businesses continue to accelerate their artificial intelligence initiatives.
The report stated that Crusoe currently supplies AI computing power to leading technology companies, including Meta and Oracle. Consequently, the startup has positioned itself among the fastest-growing providers of specialized AI infrastructure. As generative AI (GenAI) adoption expands worldwide, major technology companies continue to invest billions of dollars in advanced data centers to support increasingly complex computing workloads.
Meanwhile, Crusoe continues to negotiate with prospective investors, and the company has not finalized its valuation. However, investors reportedly expect the startup’s enterprise value, including the proposed investment, to reach approximately $30 billion.
Previously, Crusoe secured $1.38 billion during its Series E funding round in 2025, achieving a valuation exceeding $10 billion. Valor Equity Partners and Mubadala Capital co-led that investment round, reinforcing investor confidence in the company’s long-term AI infrastructure strategy.
Crusoe originally launched in 2018 as a cryptocurrency-focused business. However, the company later shifted its business model and now develops AI infrastructure solutions that power next-generation artificial intelligence applications. As a result, Crusoe has become one of the emerging neocloud providers that specialize in AI cloud services, GPU computing, and hyperscale data center operations.
Furthermore, Crusoe announced in June that it had secured contracts covering 4.9 gigawatts of computing capacity. In addition, the company revealed that its overall project pipeline had expanded to more than 40 gigawatts, demonstrating strong customer demand and a rapidly growing portfolio of AI infrastructure projects.
Crusoe’s proposed $3 billion funding round underscores the accelerating investment in AI data centers, cloud infrastructure, and high-performance computing. If the company completes the fundraising at the expected valuation, Crusoe will further strengthen its position as a leading AI infrastructure provider while capitalizing on the rapidly expanding global demand for generative AI computing capacity.
