UAE’s Mubadala Invests in $600M Funding Round for US-Based Crusoe
San Francisco-based Crusoe aims to address the growing demand for sustainable AI infrastructure by utilising clean energy.
Crusoe, a San Francisco-based AI infrastructure provider, secured $600 million in Series D funding, reaching a valuation of $2.8 billion. Mubadala, the Abu Dhabi-based investment firm serving as one of the country’s sovereign wealth funds, played a key role in the round, alongside Founders Fund, Fidelity, NVIDIA, Ribbit Capital, Long Journey Ventures and Valor Equity Partners.
The funds will fuel Crusoe’s expansion efforts, particularly its AI-optimized data centres and its cloud platform, Crusoe Cloud. The platform supports artificial intelligence and machine learning workloads by offering developers scalable computing resources powered by clean energy.
Crusoe, led by CEO Chase Lochmiller, aims to address the growing demand for sustainable AI infrastructure. The company harnesses large-scale renewable energy to power its data centres, with over 15 gigawatts of energy projects in development. Its newest facility in Abilene, Texas, is expected to provide 1.2 gigawatts of computing power, with more centres planned globally.
The investment underscores Mubadala’s strategic focus on cutting-edge technology and sustainable infrastructure, while advancing global AI capabilities.
