Crusoe in talks to raise $3 billion funding, Bloomberg News reports
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Crusoe in talks to raise $3 billion funding, Bloomberg News reports Reuters Thu, July 2, 2026 at 5:58 PM EDT 1 min read META ORCL July 2 (Reuters) - AI data center startup Crusoe is in talks to raise about $3 billion in a funding round that may triple its valuation, Bloomberg News reported on Thursday, citing people familiar with the situation. The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the report said, as technology giants spend billions of dollars on data centers to meet the massive computing requirements for GenAI. Reuters could not independently verify the report and Crusoe did not immediately respond to a request for comment. The startup, which builds and operates the type of large data centers that power AI systems, is still in active talks on the round, and a final valuation has not been set, according to the Bloomberg report. Investors, however, expect the value to fall within the $30 billion range, including the new investments, the report said. Last year, Crusoe raised $1.38 billion in a Series E round at more than a $10 billion valuation. The round was co-led by technology investors Valor Equity Partners and Mubadala Capital. (Reporting by Jaspreet Singh in Bengaluru; Editing by Maju Samuel)
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