Crusoe, an infrastructure provider for AI firms like OpenAI, has raised $1.4 billion in funding, boosting its valuation to $10 billion. This marks a threefold increase in valuation within a year, reflecting strong investor confidence in the AI data centre market.
The company aims to use an 'energy first' approach by building and operating clean computing infrastructure, reducing both costs and environmental impact. Crusoe intends to deliver gigawatts of new data centre capacity. Deals to fund AI data centres and energy providers are becoming increasingly common.
Crusoe's funding round highlights the intense capital expenditure in the AI sector, particularly for data centres. These facilities are essential for energy, GPU availability, land, and energy access, driving the growth equity business.
