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Scoop & rare collab w/ @anissagardizy8: Crusoe, the developer behind OpenAI’s first Stargate data center, is discussing raising funds at a $10 billion valuation—more than three times its valuation less than a year ago. Its also scooped up a tiny cloud computing startup to help
Crusoe, OpenAI's data center partner, is in talks to raise $1B at a $10B valuation, tripling its value in under a year. The company recently acquired Atero to enhance its cloud computing capabilities, reports The Information.
Sources: Crusoe is discussing raising $1B+ at a $10B valuation; the company, which is helping build OpenAI's first Stargate facility, had $250M revenue in 2024 (The Information) https://t.co/VFesGENCkP https://t.co/LDuxUvlp4H
Data-center developer Crusoe is in advanced talks with investors to raise more than $1 billion at a valuation of about $10 billion, people familiar with the matter said. The prospective deal would more than triple the company’s worth from less than a year ago and give it additional capital to expand its cloud-services business, including work on OpenAI’s first Stargate facility. Crusoe generated roughly $250 million in revenue last year, according to the people. To bolster its GPU management capabilities, the Denver-based company recently bought Atero, a Tel Aviv startup that had been operating in stealth. The fundraising discussions are ongoing and terms could still change.
