What is Crusoe?
Crusoe helps teams build and scale ai cloud and energy-first data centers products.
- Category
- AI cloud and energy-first data centers
- Headquarters
- Denver, CO
- Founded
- 2018
- Employees
- 500+ estimated
- Total funding
- $1B+ disclosed equity and project financing
- Valuation
- $2.8B reported after Series D
What is Crusoe?
Crusoe is a ai cloud and energy-first data centers company founded in 2018 and headquartered in Denver, CO.
Crusoe builds ai cloud and energy-first data centers infrastructure for teams that need production software, AI, or data workflows rather than one-off prototypes. Revenue is not disclosed; Crusoe monetizes GPU cloud, data-center capacity, and energy infrastructure. Its public scale signal is AI cloud and enterprise infrastructure buyers; full customer count not disclosed.
The company sits in a fast-moving market where buyers care about reliability, security, integration depth, and procurement maturity. Builds AI infrastructure around low-cost and wasted-energy resources. Its position is strongest when customers need a managed platform that shortens engineering time while still fitting into existing cloud, data, and developer workflows.
For sellers, Crusoe is best treated as a scaled technical buyer. Engineering and product leaders influence architecture, finance and operations shape budget, and security or procurement becomes more important as contract size grows.
What does Crusoe offer?
Crusoe's product set centers on Crusoe Cloud, GPU clusters, AI data centers.
- Crusoe Cloud· Core product
- GPU clusters· Core product
- AI data centers· Core product
- Digital Flare Mitigation· Expansion product
- Cloud infrastructure· Expansion product
- Managed AI capacity· Expansion product
How does Crusoe make money?
Crusoe makes money through usage, subscription, committed-capacity, and enterprise contracts depending on customer scale.
Crusoe sells AI cloud and large-scale capacity commercially rather than through a fully transparent seat-based SaaS card. Pricing depends on GPU type, reserved capacity, data-center location, power profile, networking, and support; enterprise customers negotiate committed capacity and managed services.
Growth is driven by land-and-expand adoption: individual developers or small teams start with self-serve usage, then production workloads create larger commitments, security requirements, support needs, and procurement events. Enterprise customers typically pay for higher limits, private deployment patterns, governance, support, SLAs, and negotiated usage economics.
The unit economics depend on the underlying product category. Software-heavy products expand through seats and usage, while AI infrastructure and GPU-cloud businesses require disciplined capacity planning, reserved commitments, power and data-center execution, and high utilization of expensive compute assets.
Who leads Crusoe?
Crusoe is led by Chase Lochmiller, with technical, product, and go-to-market ownership spread across the leadership team.
- Chase LochmillerCo-founder & CEOCo-founder since 2018Leads AI infrastructure, energy strategy, and capital formation.
- Cully CavnessCo-founder & PresidentCo-founder since 2018Leads energy partnerships and company development.
- Crusoe cloud leadershipCloud infrastructure leadersScale-up phaseOwns GPU cloud, Kubernetes, and customer deployments.
- Crusoe data-center leadershipInfrastructure leadersScale-up phaseOwns site development, power, and construction execution.
How do you contact Crusoe's leadership?
Use published company channels first. The personal addresses below are format-following examples using crusoe.ai; they should be verified before outreach and are not presented as confirmed personal inboxes.
first.last@crusoe.ai (format-following example, not a verified personal mailbox)How much funding has Crusoe raised?
Crusoe has $1B+ disclosed equity and project financing; its latest disclosed valuation/status is $2.8B reported after Series D.
Crusoe's disclosed financing history is concentrated in these major events: 2018-2021 Seed through Series B; Apr 2022 Series C - $350M; Dec 2024 Series D - $600M at about $2.8B valuation; 2025-2026 Project financing and capacity expansion. The latest disclosed valuation or market status is $2.8B reported after Series D.
2018-2021: Seed through Series B. Early rounds fund flare-gas computing and modular data-center development. Apr 2022: Series C - $350M. Led by G2 Venture Partners, expanding Crusoe from energy computing into broader cloud infrastructure. Dec 2024: Series D - $600M at about $2.8B valuation. Led by Founders Fund, with participation from investors including Fidelity, Mubadala, and others. 2025-2026: Project financing and capacity expansion. Additional data-center and cloud financing supports AI infrastructure buildout.
The funding signal matters because it defines buying capacity and operating pressure. Late-stage capital usually means new hiring, platform expansion, security upgrades, finance-process maturity, and larger procurement reviews; earlier-stage profiles require tighter ROI and founder-led evaluation.
How did Crusoe get here?
Crusoe's path runs from founding in 2018 through product expansion and its latest financing or public-market milestone.
- 2018Company foundedCrusoe starts by using otherwise wasted natural gas for computing.
- 2021Cloud direction expandsCrusoe moves toward high-performance computing and cloud services.
- Apr 2022Series C raisedThe company raises $350M for low-cost, lower-emission compute.
- 2023-2024GPU cloud expandsCrusoe Cloud positions around AI training and inference infrastructure.
- Dec 2024Series D raisedCrusoe raises $600M to accelerate AI infrastructure.
- 2025-2026AI data-center scale-upThe company expands data-center capacity and energy partnerships.
Who are Crusoe's competitors?
Crusoe competes with category specialists, open-source alternatives, and larger platform vendors.
- CoreWeaveAI hyperscaler with public-market access and large NVIDIA contracts.
- LambdaGPU cloud with self-serve instances, clusters, and superclusters.
- NebiusAI infrastructure cloud competing for GPU workloads.
- NscaleGPU cloud and AI data-center infrastructure provider.
- AWSHyperscaler with broad cloud and AI infrastructure services.
Crusoe — frequently asked questions
