Developing story · 2 episodes · 17 Sept to 25 Sept
Crusoe's AI Funding and Turbine Deal Saga
The saga follows AI startup Crusoe as it secures massive financing and pursues strategic partnerships. After raising $3.9 billion in a Series F round, the company has now abandoned a $1.25 billion turbine deal, leaving its next moves uncertain.
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Crusoe drops $1.25B deal for Boom’s Superpower turbines
The deal, announced in 2023, would have included 29 turbines—each rated at 42 megawatts—with deliveries starting in 2027. Crusoe, which raised $3.9 billion earlier this year, now says it will use a…
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Crusoe raises $3.9B Series F; IREN lands $9.7B Microsoft cloud deal
Two AI‑infrastructure firms announced major financial milestones. Crusoe disclosed an initial closing of a $3.9 billion Series F round that values the company at $30.9 billion, with the round co‑led…
3 sources
Who and what
CrusoeAtreides ManagementMubadala CapitalValor Equity PartnersNVIDIAFounders FundBoom SupersonicOpenAIAstraChase LochmillerGavin BakerIbrahim Ajami