Crusoe Energy
also invests Β· investor profileUnicorn Β· $30BDenver, US Β· Founded 2018 Β· Delaware corporation Β· 45 known investors
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 Β· Crusoe Energy Systems Β· Crusoe Energy Systems Inc.
Founders & leadership
Crusoe Energy was founded in 2018 by Cully Cavness and Chase Lochmiller.
Investors Β· 45
Also in the syndicate Β· 5
Reported raises Β· per SEC filings
Form D private placements$160M disclosed across 3 of 9 rounds Β· 2019β2026
βΆ$128MraisedApr 2021 Β· 35 investors Β· 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
βΆ$27.5MraisedDec 2019 Β· 16 investors Β· 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
βΆ$4.5MraisedMar 2019 Β· 17 investors Β· Oil and GasRule 506(b)
- Chase LochmillerExecutive Officer, Director
- Charles CavnessExecutive Officer, Director
- Offering amount
- $4.5M
- Amount sold
- $4.5M
- First sale
- Mar 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 Β· disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed β follow each entry's link for the claim.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 29
launches, deals, and filingsCrusoe launched Serverless Fine-Tuning and self-serve inference deployments in Crusoe Intelligence Foundry.
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.
Crusoe deployed NVIDIA BlueField-4 for next-generation AI infrastructure.
Crusoe divested its Bitcoin mining business, which reportedly comprised 55% of 2024 revenue, to NYDIG, shifting the company to a pure-play AI infrastructure focus.
Crusoe acquired Easter-Owens to support in-house design and manufacture of modular data centers and electrical systems.
Crusoe acquired Israeli GPU orchestration startup Atero for $150 million, establishing an R&D hub in Tel Aviv and adding GPU memory optimization capabilities.
$150M source β
Crusoe added Bill Stein, Peter Gross and Matt Field to its board of advisors and appointed Nadav Eiron as Senior Vice President of Cloud Engineering.
Crusoe announced general availability of Crusoe Cloud, its cloud platform for AI/ML training, fine-tuning and inference workloads.
Crusoe expanded its use of Lightbits Labs NVMe-over-TCP block storage for Crusoe Cloud customers; Crusoe also announced a collaboration with VAST Data for high-performance AI storage.
Crusoe entered a joint venture with asset manager Blue Owl Capital (with Primary Digital Infrastructure) to build a data center campus in Abilene, Texas; the cluster was expected to be leased to Oracle, which would lease it to Microsoft for OpenAI use. Source [2] describes the JV expanding to a $15B second phase in May 2025 to fund a 1.2 GW campus.
$3.4B source β
Crusoe announced expansion of its Denver headquarters, creating 286 new Colorado jobs at an expected average annual salary of $122,795; at the time the company had 58 employees, 20 in Colorado. Supported by the State Job Growth Incentive Tax Credit, Denver Economic Development and Opportunity Office and Metro Denver EDC.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities Β· 1
corporate structureIn the news
Crusoe Energy Systems eyes $3bn fundingarti-trends.com Β· Jul 2026
Crusoe in Talks for $3B Pre-IPO Funding Round, Valuation May Triple to $30Bβ$40B | KuCoinkucoin.com Β· Jul 2026βΈResearch sources Β· 8
primary sources listed
- Crusoe Energycrusoe.ai Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Crusoe Energy 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 Energy?
- Crusoe Energy was founded by Cully Cavness, Chase Lochmiller in 2018.
- Who are Crusoe Energy's investors?
- Crusoe Energy's investors include Abstract Ventures, ACTIVATE CAPITAL PARTNERS, Advaita Capital, Air Street Capital, Alkeon Innovation, Avenir Growth Capital, Bain Capital Ventures, Carbon and 32 more.
- How much funding has Crusoe Energy raised?
- Crusoe Energy has disclosed $160M raised across 3 of its 9 known rounds.
- Where is Crusoe Energy headquartered?
- Crusoe Energy is headquartered in Denver, US.