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