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What To Know
- Founded in 2018, Crusoe has emerged as a leader in vertically integrated AI infrastructure, combining clean energy innovation with data center construction and a high-performance AI cloud platform.
- “Today’s Series E enables us to expand our vertically integrated approach to delivering AI factories at the speed and scale needed to meet our customers’ ambitions,” he added.
- Mubadala Capital, managing over US$430 billion in assets through its asset managers and strategic partnerships, continues to position the UAE as a key player in the global AI investment ecosystem.
Mubadala Capital, the alternative asset management subsidiary of Mubadala Investment Company, has co-led a US$1.375 billion Series E funding round in Crusoe, a US-based AI infrastructure company redefining the next generation of AI data centers.
The round, which pushes Crusoe’s valuation beyond US$10 billion, was co-led by Mubadala Capital and Valor Equity Partners, with participation from Nvidia, Fidelity Management & Research Company, Franklin Templeton, Salesforce Ventures, Supermicro, T. Rowe Price, and Tiger Global Management.
This investment marks Mubadala Capital’s second major funding participation in Crusoe, following its US$350 million Series C investment in 2022, reinforcing the Abu Dhabi-based fund’s commitment to advancing global AI infrastructure and sustainable technology solutions.
Crusoe: The ‘AI Factory’ Revolution
Founded in 2018, Crusoe has emerged as a leader in vertically integrated AI infrastructure, combining clean energy innovation with data center construction and a high-performance AI cloud platform.
The company’s approach integrates rapid energy sourcing and scalable computing solutions designed to power advanced AI models efficiently — addressing the current industry bottlenecks in energy and compute availability.
“Crusoe is in the business of activating energy for intelligence, helping the greatest innovators of our generation build the future faster,” said Chase Lochmiller, CEO and Co-Founder of Crusoe.
“Today’s Series E enables us to expand our vertically integrated approach to delivering AI factories at the speed and scale needed to meet our customers’ ambitions,” he added. “Crusoe is uniquely positioned to provide both the physical and digital infrastructure required to produce intelligence efficiently through our Crusoe Cloud platform.”
Global Partnerships and Expansion
Crusoe’s AI Cloud platform is designed to simplify infrastructure management for AI developers, enabling them to focus on innovation instead of system complexity. The platform offers 99.98% uptime, enterprise-grade support, and is enhanced by Crusoe’s recent acquisition of Atero, a GPU management and memory optimization company.
This acquisition accelerates Crusoe’s roadmap for AI-managed services, strengthening its capacity to meet the surging demand for high-performance computing (HPC) resources.
Crusoe has raised nearly US$3.9 billion in total funding since inception and has partnered with OpenAI to develop its first major data center in Abilene, Texas, a 1.2-gigawatt facility that began operations within a year of construction. The campus is expected to be fully completed by mid-2026.
Mubadala Capital’s Global AI Vision
Mubadala Capital, managing over US$430 billion in assets through its asset managers and strategic partnerships, continues to position the UAE as a key player in the global AI investment ecosystem.
The Series E investment aligns with Mubadala’s broader strategy to back transformational technologies that bridge infrastructure, sustainability, and innovation — reflecting Abu Dhabi’s long-term vision for AI leadership and smart economic diversification.
Earlier this year, Mubadala Capital and TWG Global also announced a strategic investment alliance, signaling an expansion of the fund’s international partnerships across next-generation technology sectors.
About Crusoe
Crusoe Energy Systems, known as the “AI factory company,” builds and operates high-performance, energy-efficient data centers that convert stranded or wasted energy into cloud computing power for AI workloads. Its operations emphasize sustainability, reducing emissions while meeting the exponential computing demand of the AI revolution.
With this latest round, Crusoe is poised to accelerate global expansion and scale its data center operations across North America and beyond — further establishing its position at the forefront of AI-driven infrastructure.
