Crusoe, the industry’s first vertically integrated AI infrastructure provider, announced it has closed a $600 million Series D funding round. The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. Crusoe has established itself as a leader in the AI industrial revolution through its innovative approach.
Crusoe offers a reliable, cost-effective, and environmentally aligned solution for AI infrastructure by harnessing large-scale clean energy, building AI-optimized data centers, and empowering builders with a feature-rich development platform.
Along with the funding, Crusoe announced the general availability of Crusoe Cloud, the high-performance cloud platform tailored for AI and machine learning (ML) workloads. Today, developers and data scientists can access Crusoe Cloud’s cutting-edge resources, managed services, and enterprise-grade support for AI exploration, model training, fine-tuning, and scalable inference workloads.
This announcement advances Crusoe’s mission to align the future of computing with the future of the climate. As the demand for AI grows, so does the demand for the infrastructure and resources to support it.
With the latest funding, Crusoe will invest in expansion and growth across the value chain, including its data centers and Crusoe Cloud. Crusoe focuses on utilizing clean, abundant, and low-cost energy to power its computing resources and has over 15 gigawatts in development. Crusoe recently announced a new data center in Abilene, Texas, with over 1.2 gigawatts planned, making it one of the world’s most significant high-performance computing clusters. With more data centers planned, the company will expand into new markets and support job creation and resources for local communities.
Crusoe has seen rapid growth and global footprint expansion of its AI infrastructure over the past year. Growth metrics include:
— Customer count grew by over 7x in the past 12 months.
— New and expanded collaborations with VAST Data, Rescale, SES AI, NVIDIA, Deloitte, and other key industry leaders.
— Crusoe now operates in nine states and three countries, including Iceland, serving customers worldwide.
A new data center launched in Abilene, Texas, is projected to add $1 billion to the local economy over the next 20 years and create more than 800 local jobs.
— The company welcomed Bill Stein, Peter Gross, and Matt Field to its board of advisors and appointed Nadav Eiron as Senior Vice President of Cloud Engineering to scale its Cloud platform.
KEY QUOTES:
“The biggest risk with AI is that we don’t go big enough. Crusoe is here to liberate us from the island of limited ambition.”
– Peter Thiel, Partner at Founders Fund
“We believe a new approach is needed to power the AI revolution. To reduce complexity, accelerate time-to-value, and support the most demanding AI solutions, customers need a vertically integrated approach. We are able to innovate faster and bring new, state-of-the-art capacity online in a fraction of the time compared to legacy cloud providers while delivering unmatched results for customers, making the promises of AI a reality.”
– Chase Lochmiller, CEO and co-founder of Crusoe
“Crusoe is reimagining AI infrastructure from the ground up to meet and exceed organizations’ demands, powering the next wave of innovation in a sustainable way. By innovating at every layer of the stack, Crusoe delivers unmatched price-performance, speed-to-market, and a platform customers can rely on for years to come. We invest in smart people solving difficult problems and we’re excited to be a part of the journey.”
– Sean Liu, Partner at Founders Fund
“With Crusoe, we scaled our capacity five times within hours to serve all of our Oasis users across Europe. This enabled Oasis to seamlessly scale to over two million users in just four days.”
— Dean Leitersdorf, CEO and co-founder of Decart
“Codeium helps over 700,000 developers and hundreds of enterprises accelerate writing and deploying code into production with an AI-based code assistant developed with compute support Crusoe Cloud. Codeium’s NVIDIA H100 Tensor Core GPUs on Crusoe have been incredibly reliable with a cluster uptime of 99.98%.”
— Varun Mohan, CEO and co-founder of Codeium
