Physix Frontier
Crusoe Energy
Funding History
- Series F RoundUSD 3.9B
- Pre-IPO RoundUSD 3B — Amount: Targeting ~USD 3B; Post-money valuation: Reported USD 30-40B; Led by: Undisclosed | If completed, valuation would be approx. 3x that of Series E. Company hired former MongoDB COO/CFO Michael Gordon (who led MongoDB's 2017 IPO) as COO and CFO, seen as an IPO preparation signal | Source: Bloomberg · Axios (unconfirmed)
- Series E RoundUSD 1.4B — Amount: USD 1.375B; Post-money valuation: >USD 10B; Led by Valor Equity Partners and Mubadala Capital | Valuation rose from USD 2.8B to >USD 10B within one year; During the same period, the Abilene (Texas) AI factory campus went live, serving OpenAI Stargate | Source: Crusoe Official Website · TSG Invest · CoinDesk
- Series D RoundUSD 600M — Amount: USD 600M; Post-money Valuation: USD 2.8B; Led by: Founders Fund | NVIDIA's first equity stake, marking a strategic pivot toward AI infrastructure; funds used to accelerate hyperscale data center development | Source: Crusoe Official Website · TSG Invest · CoinDesk
- Series C RoundUSD 350M — Amount: USD 350M; Post-money valuation: USD 1.75B; Led by G2 Venture Partners | First round with explicit post-money valuation disclosure | Source: TSG Invest
- Series B RoundUSD 130M — Amount: USD 128M; Led by: Valor Equity Partners | Source: TSG Invest
- Seed RoundUSD 5M — Amount: USD 4.5M; led by undisclosed. Early stage of company founding, direction focused on associated gas power generation for computing loads. Source: TSG Invest
- Series A RoundUSD 30M — Amount: USD 30M; Led by Bain Capital Ventures | Source: TSG Invest