Crusoe
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Headquarter: Denver, Colorado
Year Founded: 2018
Employees: ~550 | 2024
Business Status: Generating Revenue
Industry Sectors: Cloud Computing, Data Centers, Sustainable Energy, Manufacturing
What IS crusoe?
Crusoe is a U.S.-based company focused on rethinking how computing infrastructure is built and powered. It integrates energy and technology by placing data centers close to stranded energy sources, such as oil fields or remote renewables, to reduce waste and emissions. Originally active in crypto mining, the company has repositioned itself around AI and high-performance computing, offering cloud services through its own platform.
WHAT DOES crusoe DO?
Crusoe builds and operates containerized data centers tailored for compute-heavy workloads. These units are deployed in remote locations and powered directly by underutilized energy—primarily flared natural gas—converted on-site. Crusoe manages the entire stack: power generation, hardware deployment, and cloud access, enabling clients to run AI training and other compute tasks with lower costs and environmental impact.
Decarbonizing AI Workloads
Crusoe reduces the carbon footprint of AI by using energy that would otherwise go to waste, including natural gas burned off at oil sites to power its data centers. It also uses other forms of renewable energy where available.
The data centers are compact, built for high-performance computing, and use efficient liquid cooling. By building directly at energy sites, Crusoe avoids the need for long-distance power transmission, cutting both costs and emissions. This allows companies to train and run large AI models while keeping energy use and environmental impact in check.
As of 2023, Crusoe has prevented over 5.4 billion cubic feet of natural gas from being flared
Flare Mitigation Across Key U.S. Energy States Include Texas, North Dakota, Colorado and more
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
crusoe stock
Crusoe stock price source: IPO CLUB Valuation at Market©
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Most Recent Financing Status
In December 2024, Crusoe raised $600 million in Series D funding at a pre-money valuation of $2.8 billion. The round was led by Founders Fund, with participation from Nvidia, Fidelity, Mubadala, Ribbit Capital, and Valor Equity Partners. The capital is being used to expand Crusoe’s AI-optimized data centers and scale the Crusoe Cloud platform, with a focus on sustainably supporting AI workloads. This follows an ongoing funding round launched in November 2024, in which Crusoe has already raised $686 million toward a target of $818 million. That round is aimed at deepening the company’s presence in high-performance computing and AI infrastructure while maintaining its focus on sustainable operations. Previously, in April 2022, Crusoe raised $350 million in Series C funding to scale operations and develop its proprietary Digital Flare Mitigation® technology. In April 2021, the company raised $128 million in Series B funding to expand flare mitigation deployments. In total, Crusoe has secured over $1 billion in funding across multiple rounds.
Major Investors
Founders Fund, G2 Venture Partners ,Valor Equity, Partners, Fidelity, NVIDIA, Ribbit Capital
Crusoe IPO
While there is no official confirmation of an IPO date, the company's growth trajectory, partnerships, and market position suggest that it might consider going public. However, no specific plans for an IPO have been disclosed. Market conditions, financial performance, and strategic goals would influence such a decision.
Crusoe is expanding its AI cloud platform and securing strategic partnerships with firms like Nvidia and Fidelity, building strong momentum and signaling a potential path toward an IPO.
Pre-IPO Investing: For those interested in investing in Crusoe before an IPO, options include investing through ipo.club, which caters to accredited, qualified and institutional investors.
crusoe and America 2030 Latest news
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
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In just over a quarter into 2025, AMERICA 2030 has witnessed a remarkable confirmation of its investment thesis: 18 companies in our deal pipeline have already raised follow-on rounds at higher valuations, and Kodiak Robotics just announced a public listing via SPAC. This rapid validation highlights that we are picking the right companies at the right time—positioned at the intersection of defense, energy, security, and AI—at attractive secondary prices before broader capital catches up.