# Crusoe Energy Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crusoe-energy-systems

- Industry: IT Infrastructure
- Headquarters: US
- Website: www.crusoe.ai/
- Total disclosed funding: $5.3B
- Latest round: Series F (Aug 30, 2026)
- Investors on record: 67

## About

Crusoe Energy Systems LLC is a US-based technology company specializing in AI infrastructure solutions that utilize renewable energy to address the increasing demands of AI workloads. Founded in 2018 and headquartered in Denver, US, Co-founded by Chase Lochmiller (CEO and Chairman of the Board) and Cully Cavness (President and Chief Strategy Officer), Crusoe Inc. focuses on providing AI infrastructure powered by renewable energy sources. In September 2026, Crusoe Energy Systems LLC raised USD 3.9 billion in series F funding co-led by returning investors Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from other returning investors Founders Fund, NVIDIA, Radical Ventures, 1789 Capital, Activate Capital, Altimeter, BAM Elevate, DPR Construction, Inc., Fidelity Investments, Galvanize Climate Solutions, M37, Ribbit Capital, Salesforce Ventures, Tiger Global, Upper90, Zigg, and T Rowe Price. New investors GIC, Qatar Investment Authority, TPG, ARK Invest, Avenir, Baillie Gifford, BDT & MSD Partners, Clal Insurance Company, Darsana Capital Partners, Era Funds, Fundrise, Oman Investment Authority, Polychain Capital, Robinhood Ventures, Dynasty Wealth Management, Squarepoint, StepStone Group, Van Eck, XN, and other unspecified investors also participated in the round. The company will use the September 2026 funding for artificial intelligence and cloud computing infrastructure expansion.

Crusoe Energy Systems specializes in providing AI infrastructure solutions leveraging renewable energy. Their primary offering, Crusoe Cloud, is a cloud platform engineered for AI workloads, featuring high-density GPU racks, direct liquid-to-chip cooling systems, and ultra-low-latency networking. Besides Crusoe Cloud, the company also offers Managed Inference, AutoClusters, and Kubernetes automation to enhance AI model deployment and management. Their services support a wide range of clients, including enterprises involved in AI and machine learning in North America and Europe, allowing them to implement scalable AI solutions while optimizing energy efficiency and operational costs. Crusoe Energy Systems generates revenue through a subscription-based model for its cloud services. Clients pay for access to the Crusoe Cloud platform and its AI infrastructure. The transactions primarily involve B2B agreements with enterprises seeking scalable AI solutions, with options for customized service packages that meet specific computational and energy needs. The pricing structure accommodates various usage levels, including standard service tiers and tailored solutions, contributing to a sustainable revenue stream from reliable, efficient AI infrastructure solutions.  The company plans to utilize the September 2026 funding for artificial intelligence and cloud computing infrastructure expansion.

## Funding rounds

- Series F, Aug 30, 2026, $3.1B — T Rowe Price, TPG, GIC, Valor Equity Partners, Founders Fund, StepStone Group, Fidelity Investments, Tiger Global Management, Oman Investment Authority, Clal Insurance Company, NVIDIA Corporation, VanEck, Ribbit Capital, Altimeter Capital, Darsana Capital Partners, Salesforce Ventures, Squarepoint, Radical Ventures, Polychain Capital, BDT & MSD Partners, Mubadala Capital, Activate Capital, Avenir, Zigg, Atreides Management, Baillie Gifford, Upper90, Ark Invest, BAM Elevate, Fundrise, XN, Galvanize Climate Solutions, 1789 Capital, Qatar Investment Authority, DPR Construction, Inc., Robinhood Ventures, M37 Management, Era, Dynasty Wealth Management
- Series E, Oct 8, 2025, $1B — T Rowe Price, Valor Equity Partners, Founders Fund, Spark Capital, StepStone, Fidelity Investments, Tiger Global Management, NVIDIA Corporation, Ribbit Capital, Altimeter Capital, 137 ventures, Franklin Templeton, Winklevoss Capital, Salesforce Ventures, Radical Ventures, Mubadala Capital, Activate Capital, Zigg, Atreides Management, Lowercarbon Capital, Upper90, Long Journey Ventures, MCJ, Stack Capital Group, BAM Elevate, Galvanize Climate Solutions, 1789 Capital, M37 Management, Super Micro Computer, Inc., DPR Construction, Inc., Ora Global
- Series D, Nov 6, 2024, $686M — Valor Equity Partners, Founders Fund, Fidelity Investments, NVIDIA Corporation, Ribbit Capital, Mubadala Capital, Long Journey Ventures
- Series C, Apr 8, 2022, $308M — Bain Capital, Valor Equity Partners, Mitsui Global Investment, Founders Fund, Oman Investment Authority, Felicis Ventures, Winklevoss Capital, Tao Capital Partners, DRW Venture Capital, Polychain Capital, Mubadala Capital, G2 Venture Partners, Exor Seeds, Castle Island Ventures, CMT Digital, Zigg, Atreides Management, Lowercarbon Capital, Upper90, FootPrint Coalition, Inclusive Capital Partners, Engine No. 1, MCJ
- Series B, Apr 13, 2021, $128M — Bain Capital, Valor Equity Partners, Founders Fund, Winklevoss Capital, DRW Venture Capital, KCK Group, Polychain Capital, Coinbase Ventures, Zigg, Lowercarbon Capital, Upper90, Exor Ventures
- Series A, Nov 22, 2019, $28M — Bain Capital, Founders Fund, Winklevoss Capital, KCK Group, Polychain Capital
- Seed, Mar 1, 2019, $4.5M — Bain Capital, Founders Fund, Winklevoss Capital, Wicklow Capital, Dragonfly Digital Management

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A, Series B, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A, Series B, Series C, Series D, Series E, Series F
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed, Series A, Series B, Series C, Series E
- Wicklow Capital — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- KCK Group — Series A, Series B
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A, Series B, Series C, Series F
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B, Series C, Series D, Series E, Series F
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series B, Series C
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Zigg (https://capitalatlas.ai/funds/zigg) — Series B, Series C, Series E, Series F
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series B, Series C, Series E
- Upper90 (https://capitalatlas.ai/funds/upper90) — Series B, Series C, Series E, Series F
- Exor Ventures — Series B
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series C
- Oman Investment Authority — Series C, Series F
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series C
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series C
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series C, Series D, Series E, Series F
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series C
- Exor Seeds — Series C
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Series C
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series C
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series C, Series E, Series F
- FootPrint Coalition (https://capitalatlas.ai/funds/footprint-coalition) — Series C
- Inclusive Capital Partners — Series C
- Engine No. 1 — Series C
- MCJ (https://capitalatlas.ai/funds/mcj) — Series C, Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D, Series E, Series F
- NVIDIA Corporation — Series D, Series E, Series F
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series D, Series E, Series F
- Long Journey Ventures (https://capitalatlas.ai/funds/long-journey-ventures) — Series D, Series E
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series E, Series F
- Spark Capital — Series E
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series E, Series F
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series E, Series F
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series E
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series E
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series E, Series F
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Series E, Series F
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series E, Series F
- Stack Capital Group (https://capitalatlas.ai/funds/stack-capital-group) — Series E
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series E, Series F
- Galvanize Climate Solutions (https://capitalatlas.ai/funds/galvanize-climate-solutions) — Series E, Series F
- 1789 Capital (https://capitalatlas.ai/funds/1789-capital) — Series E, Series F
- M37 Management (https://capitalatlas.ai/funds/m37-management) — Series E, Series F
- Super Micro Computer, Inc. — Series E
- DPR Construction, Inc. — Series E, Series F
- Ora Global (https://capitalatlas.ai/funds/ora-global) — Series E
- TPG (https://capitalatlas.ai/funds/tpg) — Series F
- GIC — Series F
- StepStone Group — Series F
- Clal Insurance Company — Series F
- VanEck (https://capitalatlas.ai/funds/vaneck) — Series F
- Darsana Capital Partners (https://capitalatlas.ai/funds/darsana-capital-partners) — Series F
- Squarepoint — Series F
- BDT & MSD Partners (https://capitalatlas.ai/funds/bdt-msd-partners) — Series F
- Avenir — Series F
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series F
- Ark Invest (https://capitalatlas.ai/funds/ark-invest) — Series F
- Fundrise (https://capitalatlas.ai/funds/fundrise) — Series F
- XN (https://capitalatlas.ai/funds/xn) — Series F
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series F
- Robinhood Ventures (https://capitalatlas.ai/funds/robinhood-ventures) — Series F
- Era — Series F
- Dynasty Wealth Management (https://capitalatlas.ai/funds/dynasty-wealth-management) — Series F