Why Crusoe matters
Crusoe designed and built the Abilene, Texas campus that serves as the first Stargate site for OpenAI and Oracle, backed by $11.6 billion in debt and equity secured in 2025. In 2026 it closed a $3.9 billion Series F co-led by Atreides, Mubadala Capital and Valor Equity Partners at a $30.9 billion post-money valuation, roughly triple its $10 billion Series E value from late 2025. Nvidia, GIC and QIA participated.
The numberSeries F of $3.9B in 2026 valued Crusoe at $30.9B, about triple its $10B valuation from late 2025
On The All Things AI 100
Listed under Chips, compute, and AI clouds. The silicon and the data centers everything else runs on.
Quick answers
- What does Crusoe do?
- Develops and operates large AI data centers and a GPU cloud, including OpenAI's Stargate site in Abilene. Crusoe designed and built the Abilene, Texas campus that serves as the first Stargate site for OpenAI and Oracle, backed by $11.6 billion in debt and equity secured in 2025.
- What AI capabilities does Crusoe offer?
- Crusoe provides AI infrastructure rather than end-user applications. Its GPU cloud lets customers rent accelerated compute, networking, and data center capacity to train and serve models. Business users run training jobs and inference workloads on Crusoe Cloud without owning the hardware, including capacity in large AI campuses such as the Abilene site associated with OpenAI Stargate.
- Why is Crusoe on The All Things AI 100?
- Crusoe is listed under Chips, compute, and AI clouds. The silicon and the data centers everything else runs on. Series F of $3.9B in 2026 valued Crusoe at $30.9B, about triple its $10B valuation from late 2025.
- Where is Crusoe based, and who owns it?
- Crusoe is based in Denver, CO, was founded in 2018 and is private, Series F.