Crusoe Announces Initial Closing of Series F, Expects Round to Total $3.9 Billion

AI infrastructure company Crusoe on Sept. 17 announced the initial closing of its Series F round, which it expects to total $3.9 billion. The round gives the company a post-money valuation of $30.9 billion.

Atreides Management, Mubadala Capital and Valor Equity Partners led the round, with 36 other investors participating.

Crusoe provides vertically integrated AI infrastructure spanning energy, data centers and an AI cloud platform. The company said Crusoe Managed Inference has contracted more than $100 million in annual recurring revenue.

The funding will support scaling existing programs and building out AI factories, which include large-scale vertically integrated campuses and modular Crusoe Spark units.

In a Form D filed with the SEC on Sept. 17, Crusoe reported a total offering amount of $3,901,017,922, of which $3,108,543,889 had been sold at the time of filing. The filing lists Aug. 31 as the date of first sale.

Crusoe press release via GlobeNewswire (Sept. 17, 2026); SEC EDGAR Form D.