Data center start-up Crusoe has raised $1.4B, more than tripling its valuation to over $10B in one year, as investors pile cash into a booming market for artificial intelligence infrastructure, Financial Times’ Tabby Kinder reports. The oversubscribed equity fundraising round was led by Mubadala Capital and Valor Equity Partners. Crusoe, which is building Microsoft (MSFT)-backed OpenAI’s first big data center in the U.S., has raised about $3.9B since it was founded in 2018, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Trump Trade: U.S. weighs curbing software exports to China
- Do Analysts See More Upside in NVDA Stock Despite Rising Competition from AMD?
- Will Microsoft Stock Outshine IBM after Big Blue’s Blowout Earnings?
- VTI ETF Daily Update, 10/23/2025
- Trump Administration Targets Equity Stakes in Quantum Firms. What It Means for Markets