# Crusoe AI infrastructure expansion

> Live situation record from CLSTR: https://clstr.news/situations/crusoe-ai-infrastructure-expansion
> Updated: 2026-09-24T12:15:45.000Z. Sources: 11. Developments: 2.

Crusoe, an AI infrastructure provider, secured $3.9 billion in Series F funding to expand its data center projects and modular AI factories. The round, co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, brought the company’s valuation to $30.9 billion.

Following this capital injection, Crusoe signed a $65 million annual agreement with Thinking Machines Lab to power the inference of its open models using dedicated NVIDIA HGX B200 systems. This partnership contributed to Crusoe announcing that its managed inference business has surpassed $100 million in annual recurring revenue within less than a year of its launch.

## Timeline

### 2026-09-24: Thinking Machines Lab signs $65 million annual deal with Crusoe

Thinking Machines Lab has signed a $65 million annual deal with Crusoe to run its open-model inference on NVIDIA HGX B200 systems.

3 sources. https://clstr.news/cluster/thinking-machines-lab-signs-65-million-annual-deal-with-crusoe

### 2026-09-17: Crusoe raises $3.9 billion to expand AI infrastructure

AI infrastructure firm Crusoe raised $3.9 billion in a Series F round, reaching a $30.9 billion valuation to expand its data centers and modular ‘Spark’ AI factories.

8 sources. https://clstr.news/cluster/crux-ai-secures-22-billion-chip-loan-to-fund-google-tpu-purchases

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Cite as: Crusoe AI infrastructure expansion. CLSTR, https://clstr.news/situations/crusoe-ai-infrastructure-expansion