AI Data Center Startup Crusoe in Talks for $10 Billion Valuation

Crusoe Energy Systems, a critical infrastructure provider of the artificial intelligence boom, plans to raise new funding at a valuation near $10 billion, according to people familiar with the matter — a deal that would highlight the massive resources required to power AI systems.

Crusoe is set to raise about $1 billion in a mixture of equity and debt, said one of the people, who asked not to be identified because the information is private.

Founded in 2018, Crusoe is the latest company to attract investor attention with its plans to develop AI infrastructure. Computing service provider CoreWeave Inc. has reached a more than $44 ...