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Crusoe Energy Systems

The AI factory company
Energy 📍 Denver, Colorado Founded 2018
Current Valuation
$16B
as of 2025-Q4
DECACORN

IPO Outlookprivate

Is Crusoe Energy Systems going public in 2026?
No. Crusoe Energy Systems is private and has not filed to go public; 2026 is the earliest year discussed. There is no S-1 on file.
What is Crusoe Energy Systems' valuation in 2026?
Crusoe Energy Systems is valued at $16B as of 2025-Q4, set by its Series E ($1.4B, Oct 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Crusoe Energy Systems filed an S-1?
No public S-1 is on file for Crusoe Energy Systems.
Who are Crusoe Energy Systems' investors?
Crusoe Energy Systems' investors include Valor Equity Partners, Mubadala Capital, 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital and 27 more.
Read the Crusoe Energy Systems pre-IPO deep dive · 07/06/2026
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Crusoe is a vertically integrated AI infrastructure company that builds and operates energy-first data centers powered by renewable and stranded energy sources. The company provides full-stack AI infrastructure spanning energy sourcing, data center design and construction, and high-performance cloud platforms for AI training and inference workloads. As a key infrastructure partner for OpenAI's Stargate project, Crusoe operates large-scale AI factories including a 1.2 gigawatt campus in Abilene, Texas.

Company Profile

CEO
Chase Lochmiller
Founded
2018
HQ
Denver, Colorado
Employees
1000-5000
Total Raised
$2.5B
Est. Revenue
$998M (2025-Q4)
Growth
262% year-over-year revenue growth (2024-2025), 45+ gigawatt energy pipeline, 5x cloud bookings growth
Last Round
Series E — $1.4B (Oct 2025)
IPO Status
Private

Fundraising Status

Series E · $1.4B · 10 mo ago
PrivateTotal raised $2.5B

Secondary Market

Implied price / share
$169.56
Last round price / share
$84.01
vs last round
+101.8%
Open interest
20
Last round price vs secondary price
Last round vs current secondary price per share$84.01Last round$170Current
Secondary price return by period
Secondary market period returns3-month+42.3%6-month+45.2%1-year+285%All-time+2983%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series E$1.4BOct 2025

Talent Signal

Hiring trend
First snapshot
trend accrues with monthly sweeps
Open roles
361
via ashby
Product-build share
48%
engineering, research, product, design
Trajectory
steady
product-led hiring — 48% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month361Aug '26
Open roles by function
Open roles by functionEngineering119Other108Sales & GTM29Hardware28Ops & People22Finance & Strategy15Product12Security9Legal & Policy8
product-building   go-to-market / G&A
Staff Product Security EngineerSenior Mechanical EngineerSenior Staff Applied AI Inference EngineerSenior Cloud Support ​​EngineerSenior Production Engineer, Managed AIHardware Data Center Technician
Counted from Crusoe Energy Systems's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Chase LochmillerCully Cavness

Investors

Valor Equity Partners · Mubadala Capital · 137 Ventures · 1789 Capital · Activate Capital · Altimeter Capital · Atreides Management · BAM Elevate · Blue Owl Capital · Bain Capital Ventures · Founders Fund · Fidelity Management & Research Company · Franklin Templeton · G2 Venture Partners · Goldman Sachs · Lowercarbon Capital · NVIDIA · Polychain Capital · Primary Digital Infrastructure · Radical Ventures · Ribbit Capital · Salesforce Ventures · Spark Capital · StepStone Group · Supermicro · T. Rowe Price · Tiger Global Management · Upper90 · Winklevoss Capital · Zigg Capital · Brookfield · Victory Park Capital · DRW Trading Group

Products

  • Crusoe Cloud
  • Crusoe AI Cluster
  • Industrial-Scale AI Factories
  • Digital Flare Mitigation
  • Crusoe Energy
  • Crusoe Spark
  • Digital Renewable Optimization

Competitors

CoreWeave · Lambda Labs · Together AI · Vultr · Equinix · AWS · Microsoft Azure · Google Cloud · Nebius · Voltage Park
AI InfrastructureData CentersCloud ComputingRenewable EnergyGPU CloudEnergy-First ComputingStargate Partner
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.