Crusoe raises $3.9B to scale AI factories and cloud

Crusoe announced on September 17, 2026 that it has raised a $3.9 billion Series F round at a $30.9 billion valuation to expand its AI data center and modular "AI factory" infrastructure. TechCrunch reports the funding will finance large campuses, including Abilene, Texas, and truckable Crusoe Spark units for distributed AI compute. ([crusoe.ai](https://www.crusoe.ai/resources/newsroom/crusoe-announces-series-f-funding))