logo
logo

Crusoe has secured a $225 million credit facility led by Upper90 to support its AI infrastructure expansion. This funding will primarily be used for purchasing NVIDIA GPUs and enhancing Crusoe Cloud's capabilities.

Mar 29, 2025•4 months ago

Amount Raised

$225 Million

DenverInformation Technology

Investors

Orix UsaLiberty Mutual InvestmentsKing Street Capital ManagementFs InvestmentsBritish Columbia Investment Management CorporationUpper90 Capital Management

Description

Upper90 Capital Management announced the closing of a $225 million credit facility for Crusoe, aimed at expanding its AI infrastructure. The investment will support Crusoe Cloud, a platform for enterprise AI workloads. Led by Upper90, the financing includes participation from several institutional partners. This funding will be used exclusively for acquiring NVIDIA GPUs and supporting infrastructure.

Company Information

Company

Crusoe

Location

Denver, Colorado, United States

About

Crusoe is the industry’s first vertically integrated, purpose-built AI cloud platform. The company is redefining AI cloud infrastructure and its platform is recognized as the "gold standard" among builders for its reliability and performance in developing, training, and deploying AI models. Powered by clean, renewable energy, Crusoe aligns the future of computing with the future of the climate. Leading Fortune 500 companies trust Crusoe’s advanced, AI-optimized cloud to support their most demanding AI applications.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People