Crusoe
The AI factory company
About Crusoe
Crusoe is a vertically integrated AI infrastructure company building energy-first data centers and cloud infrastructure for large-scale AI workloads. Its platform, Crusoe Cloud, provides GPU computing for model training, fine-tuning and inference, with customers including Cursor, Decart, Fireworks, Odyssey and Together AI.
The company reports 99.98% uptime for Crusoe Cloud, while its infrastructure strategy focuses on locating compute near abundant energy rather than relying solely on traditional grid connections.
The company operates across the AI infrastructure stack, spanning energy sourcing, data-center development, hardware manufacturing through Crusoe Industries and its cloud platform. Its flagship project is the 1.2-gigawatt Stargate AI data-center campus in Abilene, Texas, while its contracted AI infrastructure capacity reached 4.9 GW by June 2026, with a development pipeline exceeding 40 GW.
Founders
Funding History
Frequently Asked Questions
What is Crusoe?
Crusoe is an AI infrastructure company that designs, builds and operates AI-optimized data centers and provides Crusoe Cloud, an AI-focused cloud platform for training, fine-tuning and inference workloads. The company describes itself as the AI factory company.
When was Crusoe founded?
Crusoe was founded in 2018 by Chase Lochmiller and Cully Cavness. The company initially focused on converting stranded and wasted energy, including flared natural gas, into computing power before expanding heavily into AI infrastructure.
Who founded Crusoe?
Crusoe was founded by Chase Lochmiller and Cully Cavness. Lochmiller serves as co-founder, CEO and chairman, while Cavness is co-founder and president.
How much funding has Crusoe raised?
Crusoe has raised approximately $5.6 billion according to current funding databases, including its reported $3 billion-plus Series F announced on September 3, 2026. Reported totals can differ depending on whether debt and project financing are included.
What was Crusoe's latest funding round?
Crusoe's latest reported financing is a Series F announced on September 3, 2026. The company raised more than $3 billion at an approximately $30 billion valuation, with Atreides Management and Valor Equity Partners co-leading the round and Mubadala Capital participating.
What is Crusoe's valuation?
Crusoe was valued at approximately $30 billion following its September 3, 2026 Series F financing. This is nearly three times the more than $10 billion valuation associated with its October 2025 Series E.
What does Crusoe Cloud offer?
Crusoe Cloud provides AI-focused GPU infrastructure and cloud services for workloads such as model training, fine-tuning, inference and high-performance computing. It offers NVIDIA and AMD compute, accelerated storage, optimized networking and managed infrastructure services.
Who are Crusoe's customers?
Crusoe serves AI companies, enterprises, hyperscalers and cloud users. Its publicly referenced customers and partners include OpenAI, Microsoft, Meta and other AI-focused companies, while Crusoe Cloud has been used by companies including Cursor, Decart, Fireworks, Odyssey and Together AI.
How many employees does Crusoe have?
LinkedIn currently places Crusoe in the 1,001-5,000 employee company-size category. Crusoe's own 2024 impact reporting previously described a workforce of nearly 600 professionals, showing how rapidly its team has expanded alongside its AI infrastructure business.
