Crusoe, the rapidly rising “AI factory” company based in San Francisco and Denver, announced Friday that it’s set to hit a staggering $10 billion valuation following an oversubscribed $1.375 billion Series E funding round, marking one of the largest private raises in the AI infrastructure space this year.

The round was co-led by Valor Equity Partners and Mubadala Capital, two heavyweight investors known for backing transformative technologies. The momentum reflects Wall Street’s mounting appetite for AI energy and compute ventures capable of reshaping the digital economy.

Star-Studded Investor Lineup and Strategic Backers

Crusoe’s funding attracted a powerhouse roster of investors, blending Silicon Valley visionaries and household names. Among them: NFL star Saquon Barkley, Nvidia, Salesforce Ventures, 137 Ventures, 1789 Capital, DPR Construction, and Fidelity Management and Research Co.

According to the announcement, funds managed by Blue Owl Capital are also expected to join during a subsequent closing—further swelling Crusoe’s capital inflow and investor confidence.

The deal was guided by Cooley LLP, with partners Michael Platt, Christopher Kimball, Steve Flores, and David Peinsipp steering the legal advisory team.

Crusoe’s Vision: Turning Energy Into Intelligence

Crusoe’s meteoric rise stems from its vertically integrated AI infrastructure model, merging rapid energy sourcing with AI-optimized data center design and a powerful AI cloud. Its flagship platform, Crusoe Cloud, gives AI developers a streamlined environment to manage complex workloads—cutting operational drag and accelerating innovation cycles.

CEO and co-founder Chase Lochmiller painted a sweeping picture of what’s next:

“Advances in AI will usher in an era of abundance — fueling scientific breakthroughs, economic growth, and human prosperity,” Lochmiller said. “But progress is bottlenecked by energy and compute limitations. Crusoe exists to remove those barriers and activate energy for intelligence.”

He added that the latest funding will accelerate Crusoe’s mission to deploy large-scale “AI factories” that meet surging global demand for processing power.

Gigawatt-Scale Growth Across the U.S.

Crusoe’s power pipeline now exceeds 45 gigawatts, backed by strategic energy partners including Tallgrass, Redwood Materials, and Lancium. The company is rapidly expanding its physical footprint with massive data campuses designed to support AI workloads at an unprecedented scale.

Just one year after breaking ground, Crusoe’s 1.2-gigawatt data center in Abilene, Texas, has gone live, signaling its operational prowess and speed. Additional gigawatt-scale campuses are underway nationwide, including a newly announced 1.8-gigawatt facility in Wyoming.

Fueling the AI Gold Rush

Crusoe’s rise symbolizes the convergence of energy infrastructure and artificial intelligence, a pairing that may define the next tech boom. With a $10B valuation now in sight, Crusoe isn’t just powering machines—it’s igniting the engines of the AI revolution, one data center at a time.

As investors pile in and AI demand surges, Crusoe’s latest move proves that the future of intelligence doesn’t just run on algorithms — it runs on energy transformed into opportunity.