Crusoe announces initial Series E close
Valor Equity Partners and Mubadala Capital co-led an anticipated $1.375 billion round in October 2025.
Crusoe announced the initial closing of a Series E on October 24, 2025, with an anticipated round total of $1.375 billion and an expected valuation above $10 billion. Valor Equity Partners and Mubadala Capital co-led the financing.
The company did not disclose the amount secured in that initial closing. Funds managed by Blue Owl were expected to join at a later closing.
Crusoe builds AI infrastructure and operates Crusoe Cloud, combining data-center development with cloud computing services. The financing supported expansion of that platform; Crusoe said cloud bookings in the first three quarters of 2025 had grown fivefold from the comparable period a year earlier.
Use of funds
AI infrastructure platform
Crusoe Cloud expansion