Funding round
Crusoe Series F
Crusoe, which works in AI cloud platform development in Denver, raised $3.90B in a Series F round announced on 17 Sep 2026, led by Atreides Management, Mubadala Capital and Valor, at a $30.90B post-money valuation. 39 firms took part, with 1 individual investor. It is Crusoe's seventh venture round on record; the one before was a Series E in Oct 2025.
$3.90B
Amount raised
$30.90B
Post-money valuation
$27.00B pre-money
39
Investors
3 leads
3.1x
Step-up from the Series E
$10.00B in Oct 2025
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Crusoe at $30.90B after the new money, 3.1 times the $10.00B of its Series E (Oct 2025). The $3.90B bought investors about 13% of the company. It came 11 months after Crusoe's Series E. It is 61% of the $6.39B Crusoe has raised in the venture rounds on record. No later venture round is on record for Crusoe.
Crusoe's funding rounds
Crusoe has 7 venture rounds on record and 4 other deals. This one is highlighted.
- Seed 1 Mar 2019 $4.5M
- Growth 6 Dec 2019, led by Bain Capital Ventures and KCK Financial Services $30M
- Series B 1 Jan 2021, led by Valor $128M
- Debt not a venture round 21 Apr 2022 $155M
- Series C 21 Apr 2022, led by G2 Venture Partners $350M$1.75B post-money
- Series D 12 Dec 2024, led by Founders Fund $600M$2.80B post-money
- Debt not a venture round 27 Mar 2025, led by Upper90 $225M
- Other not a venture round 11 Jun 2025, led by Brookfield $750M
- Debt not a venture round 25 Aug 2025, led by Victory Park Capital $175M$2.80B post-money
- Series E 24 Oct 2025, led by Valor and Mubadala Capital $1.38B$10.00B post-money
- Series F this round 17 Sep 2026, led by Atreides Management, Mubadala Capital and Valor $3.90B$30.90B post-money
Investors
Who put money in
Atreides Management, Mubadala Capital and Valor led the round with 36 other firms.
Lead investors
- Atreides Management backs 53 venture-backed companies new investor
- Mubadala Capital backs 61 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
Also in the round
- Founders Fund backs 368 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- NVIDIA new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- TPG backs 114 venture-backed companies new investor
- 1789 Capital new investor
- backs 29 venture-backed companies new investor
- Altimeter backs 67 venture-backed companies new investor
- ARK Invest backs 29 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- Baillie Gifford new investor
- BAM Elevate new investor
- BDT & MSD Partners backs 25 venture-backed companies new investor
- Clal Insurance and Finance new investor
- Darsana new investor
- DPR Construction new investor
- backs 5 venture-backed companies new investor
- Fidelity Management & Research Company new investor
- Fundrise new investor
- backs 23 venture-backed companies new investor
- M37 new investor
- OIA new investor
- backs 87 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Robinhood Ventures Fund I (RVI) new investor
- SemiAnalysis Capital new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Squarepoint Capital new investor
- StepStone Group new investor
- T. Rowe Price new investor
- Tiger Global backs 391 venture-backed companies new investor
- backs 23 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- XN new investor
- backs 33 venture-backed companies new investor
Individual investors: JB Straubel. Joined the board: Thomas Seifert (Cloudflare), Bill Stein (Primary Digital Infrastructure) and JB Straubel (Redwood Materials).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Hosting & Cloud Infrastructure Providers, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kavak Hosting & Cloud Infrastructure Providers | 17 Feb 2026 | $300M | $8.70B | Andreessen Horowitz and WCM Investment Management |
| Vercel Hosting & Cloud Infrastructure Providers | 30 Sep 2025 | $300M | $9.30B | Accel and GIC |
| Island Tech Companies | 24 Sep 2026 | $400M | $6.40B | Evolution Equity Partners |
| Encoded Therapeutics Biotechnology | 9 Sep 2026 | $275M | not disclosed | GV and Undisclosed healthcare fund |
| Tabby Payment Processing & Point of Sale | 14 Sep 2026 | $233M | $6.50B | Blue Pool Capital |
| Tech Companies | 13 Oct 2026 | $180M | not disclosed | L Catterton and Partners Group |
| Health Care Services | 14 Aug 2026 | $30M | $387M | not named |
| SambaNova Tech Companies | 8 Jul 2026 | $1.00B | $11.00B | General Atlantic |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Crusoe raise in its Series F round?
Crusoe raised $3.90B in its Series F round, announced in Sep 2026.
Who led Crusoe's Series F round?
Atreides Management, Mubadala Capital and Valor led it, with Founders Fund, GIC, NVIDIA, Qatar Investment Authority and Radical Ventures and 31 more.
What was Crusoe's valuation at the Series F round?
$30.90B post-money ($27.00B pre-money).