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
What is Crusoe worth?
$26.6BPrivateMarketView mark · Oct 2026

Down 14% since its Series F, Sep 2026 ($30.9B post-money). The secondary market quotes about $224 per share.

Pro
The prices on Crusoe
  • ·Every dated print: 37 trades with prices and structures
  • ·45 fund marks: filer, period, implied $/share
  • ·The monthly marks chart, 34 months in dollars
  • ·10 investment vehicles formed around Crusoe: sponsors, sizes, dates
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Valuation timeline

1 priced round · 32 daily marks since · Sep 2026 – Oct 2026
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Series Frounds hold their value until the next priced eventMark, today
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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 funding history

4 rounds
DateRoundRaisedPost-money
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$128.0M▮
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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).

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).

How Crusoe's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Crusoe, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by secondary market price. Question about this number? Full methodology →

Frequently asked about Crusoe

What is Crusoe worth?
Crusoe is valued at $26.6B as of Oct 2026. Down 14% since its Series F, Sep 2026 ($30.9B post-money).
How much has Crusoe raised?
Crusoe has raised $2.6B in total funding across 4 recorded rounds.
When did Crusoe last raise?
Crusoe last raised in Sep 2026 (Series F), raising $3.9B.