AI InfrastructureSan Francisco, California, United States
Crusoe is a vertically integrated AI infrastructure company that designs, builds and operates hyperscale data centre campuses and sells GPU capacity through Crusoe Cloud. Founded in 2018 by Chase Lochmiller and Cully Cavness, it began by capturing flared natural gas at oil wells and converting it into power for portable data centres running bitcoin mining, a unit it sold to NYDIG in early 2025. Its customers include Meta, Microsoft, Oracle, OpenAI and Jane Street, and its Abilene, Texas campus, developed with Blue Owl Capital and Primary Digital Infrastructure, forms the first phase of the Sta
1StartupFox story
2018Founded
AI InfrastructureSector
Sept 2026Latest coverage
Funding
Crusoe has raised $4.4M across 2 disclosed rounds, most recently a Growth round in September 2026.
$4.4MRaised
Growth roundLatest round · September 2026
2Events
Chart appears once 1 more funding round is recorded — below that a chart shows less than the table does.
September 2026Growth round$3MAtreides Management (co-lead), Valor Equity Partners (co-lead), Mubadala Capital
October 2025Series E$1.4MExisting and new investors at a valuation above $10 billion
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadAtreides Management (co-lead)1 round · 2026
Mubadala Capital1 round · 2026
Valor Equity Partners (co-lead)1 round · 2026
Existing and new investors at a valuation above $10 billion1 round · 2025
Aggregated automatically from the disclosed rounds above.
Founded by Chase Lochmiller and Cully Cavness to capture flared natural gas at oil wells and convert it into power for portable data centres, initially running bitcoin mining. ↗
Oct 2024 · milestone
Enters a $3.4 billion joint venture with Blue Owl Capital and Primary Digital Infrastructure to fund a 206 MW, 998,000 square foot data centre at the Lancium Clean Campus in Abilene, Texas, later the first phase of Stargate. ↗
Early 2025 · acquisition
Sells its bitcoin mining unit to NYDIG, completing the shift from crypto to AI infrastructure and full campus development. ↗
October 2025 · funding
Series E — $1.4M, led by Existing and new investors at a valuation above $10 billion.
September 2026 · funding
Growth round — $3M, led by Atreides Management (co-lead).
The rest of Crusoe's profile is free
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Crusoe is a vertically integrated AI infrastructure company that designs, builds and operates hyperscale data centre campuses and sells GPU capacity through Crusoe Cloud. Founded in 2018 by Chase Lochmiller and Cully Cavness, it began by capturing flared natural gas at oil wells and converting it into power for portable data centres running bitcoin mining, a unit it sold to NYDIG in early 2025. Its customers include Meta, Microsoft, Oracle, OpenAI and Jane Street, and its Abilene, Texas campus, developed with Blue Owl Capital and Primary Digital Infrastructure, forms the first phase of the Sta
Who founded Crusoe?
Crusoe is associated with Chase Lochmiller, Cully Cavness.
How much funding has Crusoe raised?
Crusoe has raised $4.4M across 2 disclosed rounds. The most recent was a $3M Growth round in September 2026.
Who are Crusoe's investors?
Disclosed investors in Crusoe include Atreides Management (co-lead), Valor Equity Partners (co-lead), Mubadala Capital, Existing and new investors at a valuation above $10 billion.
What is the latest news on Crusoe?
The most recent StartupFox coverage is “Crusoe Raises $3B at $30B on a Jane Street Contract That Is a Ceiling, Not a Booking” (4 September 2026). All stories are listed on this page.
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