Crusoe Energy Systems, headquartered in Denver, Colorado, provides AI cloud infrastructure and energy solutions to utilize stranded energy resources sustainably. Founded in 2018 by Cully Cavness and Chase Lochmiller, the company has raised $1.26B from investors including Ribbit Capital and Tao Capital Partners, with a valuation of $2.8B. Crusoe delivers high-performance computing for AI workloads, modular data centers, and clean energy solutions that integrate wind, solar, hydro, geothermal, and carbon capture technologies.
What Is Crusoe and What Does It Do?
Crusoe Energy Systems, founded by Cully Cavness and Chase Lochmiller, is headquartered in Denver, Colorado, with additional operations in San Francisco. The company operates at the intersection of AI infrastructure and sustainable energy, offering managed AI software solutions, scalable modular data centers, and environmentally responsible high-performance computing.
With a workforce of 242 employees, Crusoe focuses on aligning computation with climate-positive initiatives. Their platform features automatic node swapping, real-time monitoring, adaptive performance tuning, and energy sourced from renewable and low-carbon sources.
As an NVIDIA Elite Partner, Crusoe provides GPU, CPU, networking, and storage solutions for AI model training, inference, and exploration.
How Much Funding Has Crusoe Raised?
1. Seed Round
- Amount Raised: $4.5M
- Date: May 2019
- Motivation: To develop initial technology and enable market entry.
2. Series A
- Amount Raised: $30M
- Date: December 2019
- Motivation: To scale operations and enhance technological capabilities.
3. Series B
- Amount Raised: $128M
- Date: April 2021
- Lead Investors: Valor Equity Partners
- Motivation: To expand Patented Digital Flare Mitigation® Technology and eliminate routine flaring of natural gas.
4. Conventional Debt
- Amount Raised: $175M
- Date: August 2025
- Motivation: To support ongoing infrastructure expansion and operational scaling.
Total Funding Raised: $1.26 Billion
Current Valuation: $2.8 Billion (as of Dec 2024)
Latest Funding Date: August 2025
Key Investors
1. Valor Equity Partners
- Details: Growth investment firm focused on accelerating innovative companies.
- Investment Focus Areas: Sustainability, climate change, technology
- Notable Investments: Tesla, SpaceX, SolarCity
2. Lowercarbon Capital
- Details: Venture capital firm investing in companies that reduce carbon emissions.
- Investment Focus Areas: Climate-focused investments
- Notable Investments: Not specified
3. DRW Venture Capital
- Details: Investment arm of DRW trading firm, supporting early-stage companies.
- Investment Focus Areas: General venture capital
- Notable Investments: Not specified
4. Founders Fund
- Details: San Francisco-based VC known for technology and innovation investments.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Not specified
Where Is Crusoe’s Headquarters?
Crusoe is headquartered in Denver, Colorado, providing access to a growing tech ecosystem, renewable energy initiatives, and talent specialized in AI, cloud, and sustainable energy solutions.
What’s Next for Crusoe?
Crusoe aims to expand its Digital Flare Mitigation® technology to over 100 units, drastically reducing CO2-equivalent emissions and cutting natural gas flaring. The company plans to scale AI cloud services and modular data centers while exploring additional fundraising to accelerate growth. With rising demand for sustainable, high-performance computing, Crusoe is well-positioned to lead in both AI infrastructure and climate-positive energy solutions.
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