News & Updates
The latest news and updates from companies in the WLTH portfolio.
Crusoe reportedly raises $3B at a $30B valuation
Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg reported. The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi's sovereign wealth fund Mubadala. The company recently signed a massive $13 billion, five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure, Bloomberg reported. The fresh fundraise comes 10 months after Crusoe raised a $1.38 billion round at a $10 billion valuation last October. Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has since pivoted into a major AI infrastructure and cloud provider that is best known for developing hyperscale data center campuses for clients like Oracle and OpenAI. The company recently met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios reported last month.
Crusoe reportedly raises $3B at a $30B valuation
Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg reported. The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi's sovereign wealth fund Mubadala. The company recently signed a massive $13 billion, five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure, Bloomberg reported. The fresh fundraise comes 10 months after Crusoe raised a $1.38 billion round at a $10 billion valuation last October. Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has since pivoted into a major AI infrastructure and cloud provider that is best known for developing hyperscale data center campuses for clients like Oracle and OpenAI. The company recently met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios reported last month.
AI startup Crusoe valued at $30 billion after new funding, Bloomberg News reports
Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows: - operation of social networking, messaging, photo and video sharing platforms (98.9%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.58 billion daily active users in 2025); - sale of virtual and augmented reality products, software and devices (1.1%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc. Net sales break down by source of income into advertising spaces (98.7%) and other (1.3%). Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia/Pacific (26.8%), Europe (23.2%) and other (10.8%).
Crusoe Raises Over $3 Billion At $30 Billion Valuation
Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows: - sale of operating systems and application development tools (42.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows); - development of cloud-based software applications (37.7%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Microsoft Teams); - other (19.4%): primarily sale of software licenses (Windows), tablets (Microsoft Surface), video game consoles and software (Xbox), computer accessories, etc. The United States accounts for 51.3% of net sales.
AI startup Crusoe valued at $30 billion after new funding, Bloomberg News reports
Sept 3 : AI data center startup Crusoe has raised over $3 billion in a funding round that values it at roughly $30 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Launched in 2018 as a cryptocurrency business, Crusoe has pivoted to building AI infrastructure and is among the upcoming "neoclouds" that provide specialized AI cloud and data center services. * Crusoe in 2025 raised $1.38 billion in a funding round at a valuation of more than $10 billion. * Crusoe's roughly $30 billion valuation is on a post-money basis, including the new capital raised, the report said. * Separately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion, Bloomberg News reported on Thursday, citing sources. * Jane Street is Crusoe's highest-profile cloud customer yet, and the deal helped attract interest in Crusoe's latest fundraising effort, the report said. * Crusoe has contracts to supply AI computing power to the likes of Meta Platforms and Oracle, the Bloomberg report said. * Crusoe could not immediately be reached for comment outside regular business hours. * It has been expanding its AI infrastructure business as demand for computing power to develop and run AI models drives a surge in data center spending.
Crusoe Raises Over $3 Billion in Round at $30 Billion Valuation
Crusoe, a cloud-computing provider and data center developer doing business with OpenAI, Microsoft Corp. and Meta Platforms Inc., has raised over $3 billion in a funding round that values the startup at roughly $30 billion, according to people familiar with the situation. Atreides Management and Valor Equity Partners co-led the round, which has been finalized, the people said, asking not to be identified because the information isn't public. Mubadala Capital, the alternative asset manager owned by Abu Dhabi sovereign wealth fund Mubadala, is also participating, the people said. Bloomberg reported Thursday that Crusoe recently secured a roughly $13 billion ...
Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation
Crusoe, a cloud-computing provider and data center developer doing business with OpenAI, Microsoft Corp. and Meta Platforms Inc., has raised over $3 billion in a funding round that values the startup at roughly $30 billion, according to people familiar with the situation. Atreides Management and ...
