Abu Dhabi’s Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has taken a leading role in a significant $1.4 billion funding round for US-based data centre startup Crusoe. The investment underscores the UAE’s strategic push into the global AI infrastructure landscape.
A Landmark Investment Round
Mubadala Capital, alongside American investment firm Valor Equity Partners, spearheaded the oversubscribed equity fundraising effort. This latest injection of capital has propelled Crusoe’s valuation to over $10 billion, marking a more than threefold increase in just one year and highlighting strong investor confidence in the company’s vision and technological capabilities.
Powering OpenAI’s Infrastructure
A key factor in Crusoe’s rapid ascent is its strategic partnership with artificial intelligence leader OpenAI. The startup is currently developing OpenAI’s first major data centre, a large-scale project located in Abilene, Texas. The facility is scheduled for completion by mid-2026 and will provide essential computing power for advanced AI models.
Crusoe’s Expansion and Growth
Founded in 2018, Crusoe has demonstrated remarkable growth, having raised close to $3.9 billion since its inception. According to CEO Chase Lochmiller, the company has an extensive development pipeline amounting to 45 gigawatts of capacity, signaling its ambition to become a major player in the high-performance computing and data centre industry.
About Crusoe
Crusoe is an infrastructure company dedicated to unlocking value from energy resources to power the future of computing. It builds and operates modular data centres that offer cost-effective, scalable, and energy-efficient solutions for high-performance computing, AI, and other data-intensive applications.
Source: Zawya
