Crusoe Lands $13 Billion Jane Street Deal as AI Computing Demand Drives $30 Billion Valuation

Crusoe: AI startup Crusoe valued at $30 billion after new funding

Separately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued ⁠at around $13 billion, Bloomberg News reported on Thursday, citing sources. AI data center startup Crusoe has raised over $3 billion in a funding round that values it at roughly $30 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Launched in 2018 as a cryptocurrency business, Crusoe has pivoted to building AI ⁠infrastructure ⁠and is among the upcoming "neoclouds" that provide specialized AI cloud and data center services. Crusoe in 2025 raised $1.38 billion in a funding round at a valuation of more than $10 billion. Crusoe's roughly $30 billion valuation is on a post-money basis, including the new capital raised, the report ⁠said. Separately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued ⁠at around $13 billion, Bloomberg News reported on Thursday, citing sources. Jane Street is Crusoe's highest-profile cloud customer yet, and the deal helped attract interest in Crusoe's latest fundraising effort, the report said. Crusoe has contracts to supply AI computing power to the likes of Meta Platforms and Oracle, the Bloomberg report said. Crusoe could not immediately be reached for comment outside regular business hours. It has been expanding its ⁠AI infrastructure business as demand for computing power to develop and run AI models drives a surge in data center spending. The startup said in June that it had contracts for 4.9 gigawatts of computing power and more than 40 gigawatts in its total project pipeline.

Crusoe signs $13 billion cloud deal with Jane Street - Bloomberg By Investing.com

Investing.com -- Crusoe, a data center company that supplies AI computing power to Meta Platforms Inc. and Oracle Corp., has secured a cloud contract with trading firm Jane Street Group worth approximately $13 billion, according to Bloomberg, citing people familiar with the matter. The five-year agreement will provide Jane Street with clusters of advanced AI chips known as GPUs and other infrastructure required for AI training and inference through Crusoe's cloud platform, the people said. Bloomberg reported last week that Crusoe was seeking a chip loan backed by contracts with Jane Street. Jane Street represents the most prominent customer Crusoe has signed for its cloud business. The deal attracted additional interest in Crusoe's latest fundraising effort, according to a person familiar with the matter. The company has been discussing raising approximately $3 billion at a roughly $30 billion valuation, which Bloomberg first reported in July. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.