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Crusoe
also invests · investor profileUnicorn · $30.9BDenver, US · Founded 2018 · Delaware corporation · 1,672 employees on LinkedIn · 90 known investors
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Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads. The company serves customers building and deploying AI applications at scale.
Also known as Crusoe · Crusoe Energy · Crusoe Energy Systems · Crusoe Energy Systems Inc. · Crusoe Energy Systems LLC
Founders & leadership
Crusoe was founded in 2018 by Cully Cavness, Chase Lochmiller, and Charles Cavness.
Board
Investors · 90
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Also in the syndicate · 10
Funding
SEC filings, press & company announcements$7.4B disclosed across 10 of 19 rounds · 2019–2026
- Undisclosed amountSeries FSep 2026 · 3 sources
Atreides Management (lead), Mubadala (lead), Valor Equity Partners (lead)
Source ↗ - $1.4BSeries EOct 2025 · 3 sources
Mubadala Capital (lead), Valor Equity Partners (lead), 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Atreides Management, BAM Elevate, Blue Owl, DPR Construction, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, Galvanize, Long Journey Ventures, Lowercarbon Capital, M37 Management, MCJ, NVIDIA, Ora Global, Radical Ventures, Ribbit Capital, Salesforce Ventures, Saquon Barkley, Spark Capital, StepStone Group, Supermicro, T. Rowe Price, Tiger Global Management, Upper90, Winklevoss Capital, Zigg Capital
Source ↗ - Undisclosed amountSeries DDec 2024
Founders Fund (lead), Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, Valor Equity Partners
Source ↗
▶$595.9MraisedSep 2026 · 52 investors · OtherRule 506(b)
- Chase LochmillerExecutive Officer, Director
- Charles CavnessExecutive Officer, Director
- Michael GordonExecutive Officer
- Bill SteinDirector
- Vivek PattipatiDirector
- JB StraubelDirector
- Enrique SalemDirector
- Nael Karim KassarDirector
- Thomas SeifertDirector
- Offering amount
- $595.9M
- Amount sold
- $595.9M
- First sale
- Jul 2026
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$3.1BraisedSep 2026 · 108 investors · OtherRule 506(b)
- Chase LochmillerExecutive Officer, Director
- Charles CavnessExecutive Officer, Director
- Michael GordonExecutive Officer
- Bill SteinDirector
- Vivek PattipatiDirector
- JB StraubelDirector
- Enrique SalemDirector
- Nael Karim KassarDirector
- Thomas SeifertDirector
- Offering amount
- $3.9B
- Amount sold
- $3.1B
- First sale
- Aug 2026
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$1BraisedOct 2025 · 71 investors · OtherRule 506(b)
- Jamey SeelyExecutive Officer
- Stefan CohenDirector
- Ben KortlangDirector
- Matthew DeNezzaExecutive Officer
- Vivek PattipatiDirector
- Charles CavnessExecutive Officer, Director
- Chase LochmillerExecutive Officer, Director
- Xiangyu LiuDirector
- Offering amount
- $1.4B
- Amount sold
- $1B
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$685.7MraisedNov 2024 · 70 investors · OtherRule 506(c)
- Vivek PattipatiDirector
- Ben KortlangDirector
- Sean LiuDirector
- Chase LochmillerExecutive Officer, Director
- Charles CavnessExecutive Officer, Director
- Jamey SeelyExecutive Officer
- Matthew DeNezzaExecutive Officer
- Stefan CohenDirector
- Offering amount
- $817.7M
- Amount sold
- $685.7M
- First sale
- Nov 2024
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06c
▶$192.4MraisedFeb 2024 · 37 investors · OtherRule 506(b)
- Ben KortlangDirector
- Vivek PattipatiDirector
- Chase LochmillerExecutive Officer, Director
- Matthew DeNezzaExecutive Officer
- Charles CavnessExecutive Officer, Director
- Jamey SeelyExecutive Officer
- Stefan CohenDirector
- Nael KassarDirector
- Offering amount
- $200M
- Amount sold
- $192.4M
- First sale
- Nov 2023
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$307.9MraisedApr 2022 · 44 investors · OtherRule 506(b)
- Matthew DeNezzaExecutive Officer
- Chase LochmillerExecutive Officer, Director
- Stefan CohenDirector
- Ben KortlangDirector
- Nael KassarDirector
- Vivek PattipatiDirector
- Jamey SeelyExecutive Officer
- Charles CavnessExecutive Officer, Director
- Offering amount
- $350M
- Amount sold
- $307.9M
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$128MraisedApr 2021 · 35 investors · OtherRule 506(b)
- Sam TellerDirector
- Nael KassarDirector
- Stefan CohenDirector
- Charles CavnessExecutive Officer, Director
- Chase LochmillerExecutive Officer, Director
- Offering amount
- $128M
- Amount sold
- $128M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$27.5MraisedDec 2019 · 16 investors · Oil and GasRule 506(b)
- Chase LochmillerExecutive Officer, Director
- Stefan CohenDirector
- Nael KassarDirector
- Charles CavnessDirector
- Offering amount
- $30M
- Amount sold
- $27.5M
- First sale
- Nov 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
The Crusoe mafia →10 people who came through Crusoe went on to found or lead other companies.
Related companies · 2
Companies working in the same space as Crusoe.
Timeline · 40
launches, deals, and filingsCrusoe launched Serverless Fine-Tuning and self-serve inference deployments in Crusoe Intelligence Foundry.
Bloomberg News reported, per sources, that Crusoe was in discussions to raise about $3 billion at a valuation around $30 billion; no final valuation or terms determined.
$3B source ↗
Crusoe and Redwood Materials expanded their partnership, scaling to seven times the original AI infrastructure density.
Form Energy and Crusoe announced an agreement for 12 gigawatt-hours of iron-air batteries for AI data centers.
Crusoe launched Command Center, a unified operations platform for high-performance AI workloads.
Crusoe appointed Nader Pakfar, founder of SPC LLP, as General Counsel, Real Estate.
Crusoe appointed former MongoDB executive Michael Gordon, who led MongoDB's 2017 IPO, as Chief Operating Officer and Chief Financial Officer.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Crusoe Raises $3.9B Series F at a $30.9B Valuation for AI Infrastructurecrusoe.ai · Sep 2026
Crusoe raises $3.9B to build massive data centers and small modular ‘AI factories’techcrunch.com · Sep 2026
Crusoe reportedly raises $3B at a $30B valuationtechcrunch.com · Sep 2026
Crusoe discusses potential IPO with JPMorgan, Goldman Sachs, Morgan Stanley and BofA: Axiosfinance.yahoo.com · Aug 2026▸Research sources · 16
primary sources listed
- Crusoe Energycrusoe.ai · web
- Crusoecrusoeenergy.com · web
16 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Crusoe do?
- Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads. The company serves customers building and deploying AI applications at scale.
- Who founded Crusoe?
- Crusoe was founded by Cully Cavness, Chase Lochmiller, Charles Cavness in 2018.
- Who are Crusoe's investors?
- Crusoe's investors include Abstract Ventures, ACTIVATE CAPITAL PARTNERS, Advaita Capital, Air Street Capital, Akka, Alkeon Innovation, Avenir Growth Capital, Bain Capital Ventures and 72 more.
- How much funding has Crusoe raised?
- Crusoe has disclosed $7.4B raised across 10 of its 19 known rounds.
- Where is Crusoe headquartered?
- Crusoe is headquartered in Denver, US.