Crusoe Energy Secures $1.38B to Expand Sustainable AI Data Centers at $10B Valuation

Energy-tech startup Crusoe Energy Systems finalized a $1.38 billion funding round led by Valor Equity Partners and Mubadala Capital, raising its valuation above $10 billion. The company will direct funds toward scaling AI-driven data centers that convert stranded gas into power for sustainable computing. The financing round ranks among the largest in the AI infrastructure segment this year. Executives emphasized the firm’s role in decarbonizing compute supply chains. Simultaneously, Avride, an autonomous mobility firm, announced $375 million in new capital to accelerate global fleet deployment.