Abu Dhabi’s Mubadala Capital Leads $1.38 B Round for AI Company Crusoe

US-based AI infrastructure company Crusoe has secured roughly $1.38 billion in a Series E funding round, bringing its valuation to over $10 billion. The round was co-led by US growth investor Valor Equity Partners and Mubadala Capital, the investment arm of Abu Dhabi-based Mubadala Investment Company.  Mubadala’s participation highlights Gulf sovereign and institutional investors’ growing appetite for AI-infrastructure plays, moving beyond traditional energy or real-estate investments. For the Gulf region, backing companies such as Crusoe helps secure a stake in the next wave of AI computing ecosystems. Crusoe describes itself as an “AI factory company,” operating gigawatt-scale data-centre campuses, custom-built around clean energy and high-density compute architecture. The latest funding round will support its pipeline of future campuses, including a 1.2-gigawatt project in Abilene, Texas.