Crusoe, the data center startup providing AI computing power to Meta and Oracle, is actively negotiating to raise roughly $3 billion in a new funding round, according to sources cited by Bloomberg. The deal would value the company at approximately $30 billion, a significant leap from its $10 billion valuation just six months ago.
The company has secured contracts with major tech firms seeking AI infrastructure, positioning it as a key player in the booming market for specialized data centers. This rapid valuation growth reflects surging demand for computing capacity to train and run large language models.
Bloomberg’s sources indicate the round is still in active talks, meaning terms could shift. The $3 billion figure and $30 billion valuation are preliminary estimates provided by people familiar with the matter.
If completed, the funding would give Crusoe substantial capital to expand its network of energy-efficient data centers, which often rely on stranded natural gas or renewable sources. It would also intensify competition with established providers like Equinix and Digital Realty.
Some analysts caution that the AI infrastructure boom may outpace actual demand, risking a capacity glut. The final terms and investor lineup remain unconfirmed.