GoKawiilCrusoe raises $3.9B at $30.9B valuation to build modular AI data centers
Crusoe, the AI infrastructure firm behind Oracle's giant Abilene, Texas campus, has closed a $3.9 billion funding round led by Atreides Management, Valor Equity Partners and Mubadala, pushing its valuation to roughly $30.9 billion. The company is using the capital to expand into smaller, factory-built facilities called Spark, designed for AI inference rather than massive training clusters.