Crusoe

Systems and Information Management · Denver, CO · Founded 2018 · Privately Held (backing)

Operator of artificial intelligence optimized cloud infrastructure intended to deliver computing for next-generation artificial intelligence workloads. Crusoe is based in Denver, CO and was founded in 2018. It is valued at about $26.6 billion as of Oct 2026, set by secondary market price, down 14% since its Series F in Sep 2026. It has raised $2.6 billion across 4 recorded rounds; the latest was a $3.9 billion Series F in Sep 2026.

PMV mark · valuation
$26.6B
Oct 2026
Secondary market · $/share
$224
Total raised
$2.6B
Last round
Series F
Sep 2026

Crusoe key facts

as of Oct 2026
  • Operator of artificial intelligence optimized cloud infrastructure intended to deliver computing for next-generation artificial intelligence workloads.
  • Crusoe is valued at approximately $26.6B (~$224/share on the secondary market) as of Oct 2026, down 14% since its Series F, Sep 2026, per PrivateMarketView’s mark.
  • It has raised $2.6B across 4 recorded rounds; the latest was Series F ($3.9B) in Sep 2026.
  • Notable investors include Valor Equity Partners, Mubadala Capital, Salesforce Ventures, Fidelity Management & Research Company, Tiger Global Management — 82 tracked in total.
  • 4 institutional filers report fund marks on Crusoe across 45 filings.
  • PrivateMarketView tracks 37 recorded secondary trades in Crusoe shares.
  • 10 investment vehicles were formed to buy Crusoe shares in the last 12 months, reporting $32.3M sold to 174 investors, per SEC Form D filings.
  • Crusoe has filed 2 Form Ds with the SEC since 2021, most recently Nov 2024 ($685.7M sold to 70 investors).
PrivateMarketView mark
LOW confidence
$26.6B~$224 per share · secondary market

Down 14% since its Series F, Sep 2026 ($30.9B post-money).

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Secondary market

monthly marks · 34 months · Jan 2024 – Oct 2026
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Jan 2024marks: indicative $/share, month-end · as of Oct 15, 2026Oct 2026
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Crusoe secondary trades

37 on record · Nov 2024 – Jun 2026

37 trades between Nov 2024 and Jun 2026. Exact dates, prices and structures are available to Pro members.

Nov 2024peak 8 prints / monthJun 2026
Individual prints are Pro.Unlock 37 trade prints

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Institutional fund marks on Crusoe

4 filers · latest Jul 2026

4 SEC-registered funds reported 45 fair-value marks on Crusoe between Apr 2025 and Jul 2026. Filer-level marks and implied $/share are available to Pro members.

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Crusoe funding rounds

4 rounds
Sep 2026Series F$3.9B▮
Oct 2025Later Stage VC (Series E)$1.4B▮
Dec 2024Later Stage VC (Series D)$685.7M▮
Apr 2021Later Stage VC$128.0MSEC filing▮

Vehicles formed to buy Crusoe shares

secondary demand · SEC Form D filings

In the last 12 months, 10 investment vehicles were formed to buy Crusoe shares, reporting $32.3M sold to 174 investors across 10 sponsors. Most recent filing Apr 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 10 vehicles →

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Crusoe valuation

Crusoe is valued at approximately $26.6 billion as of Oct 2026. The figure is set by secondary market price. The secondary market quotes about $224 per share. The reference point is its Series F in Sep 2026, at a $30.9 billion post-money valuation; the current figure is down 14% since.

Crusoe ranks 9th by valuation and 9th by capital raised among the private companies PrivateMarketView tracks.

Recent activity

In the last 90 days, Crusoe's record added 1 funding round and 1 institutional fund mark (latest period Jul 2026).

How much has Crusoe raised?

Crusoe has raised $2.6 billion across 4 recorded rounds since 2021. The largest was a $686 million Series D in Dec 2024; the most recent was a $3.9 billion Series F in Sep 2026. 1 of the rounds disclosed a post-money valuation.

Crusoe has filed 2 Form Ds with the SEC since 2021, most recently in Nov 2024 ($686 million sold to 70 investors).

Crusoe secondary market activity

37 secondary trades in Crusoe shares are on record, between Nov 2024 and Jun 2026. The busiest recent months were Dec 2025 (8 prints) and Feb 2026 (6 prints). Exact dates, prices and structures are available to Pro members.

A monthly secondary-market price series for Crusoe runs from Jan 2024 to Oct 2026 (34 months).

Institutional holders and vehicles

4 SEC-registered funds reported 45 fair-value marks on Crusoe between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

In the last 12 months, 10 investment vehicles were formed to buy Crusoe shares, reporting $32.3 million sold to 174 investors across 10 sponsors, per SEC Form D filings (most recent Apr 2026).

Crusoe investors

82 investors are on record for Crusoe, led by Valor Equity Partners and Mubadala Capital. By type, the record holds 31 venture capital firms and 6 family offices. 2 of them led at least one round. The Series F in Sep 2026 drew 10 investors.

Comparable companies

Comparable systems and information management names by valuation on PrivateMarketView: Aligned Data Centers ($40 billion), Lambda ($10.7 billion) and Vantage Data Centers ($9.2 billion).

About Crusoe

Operator of artificial intelligence optimized cloud infrastructure intended to deliver computing for next-generation artificial intelligence workloads. The company offers energy-integrated data centers, high-performance computing resources, and tools for model training and deployment, enabling enterprises and technology teams to run artificial intelligence applications efficiently while managing energy usage and infrastructure complexity.

Industry
Systems and Information Management
Sector
Energy
HQ
Denver, CO, United States
Founded
2018
Employees
1,235
Website
crusoe.ai/
Ownership
Privately Held (backing)

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