Crusoe Raises Nearly $4 Billion, Valuation Nears $31 Billion

Crusoe CEO Chase Lochmiller said the AI infrastructure company raised nearly $4 billion in fresh funding, lifting its valuation to almost $31 billion, according to Bloomberg. He said the capital will support Crusoe’s push to build AI infrastructure across data centers, cloud computing and managed AI services. Lochmiller also said Crusoe could eventually enter public markets and argued the data center industry has a “marketing issue” and needs to better communicate its impact on water, jobs and local tax revenue.