{"id":108877,"date":"2025-10-28T00:00:00","date_gmt":"2025-10-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/"},"modified":"2025-10-28T00:00:00","modified_gmt":"2025-10-28T00:00:00","slug":"mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/","title":{"rendered":"Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund"},"content":{"rendered":"

Mubadala <\/strong>Capital led a USD 1.4 bn Series E funding round in US-based<\/strong> AI <\/strong>infrastructure company <\/strong>Crusoe<\/a><\/strong>, alongside US tech investor Valor Equity Partners, according to a press release<\/a>. The oversubscribed round pushed the company\u2019s valuation to over USD 10 bn, up from USD 2.8 bn<\/a> last year. Nvidia also took part in the funding round, alongside Franklin Templeton, Fidelity Management, SuperMicro, T. Rowe Price, and others.<\/p>\n

The wealth fund is already heavily invested in the clean computing startup:<\/strong> The sovereign entity <\/span>previously participated<\/a> in Crusoe\u2019s USD 350 mn series C round in 2022 and its USD 600 mn series D round in 2024. The company used the funds to invest in data centers and its cloud platform, Crusoe Cloud.<\/span><\/p>\n

Where will the money go?<\/strong> The funding will enable Crusoe to expand its vertically integrated approach to delivering AI factories at the required scale and timeframe, Crusoe\u2019s CEO Chase Lochmiller said. This plan involves buying new hardware and hiring more employees, Bloomberg<\/a> reports.<\/p>\n

About Crusoe:<\/strong> Founded in 2018, the company is an AI infrastructure developer that adopts a vertically-integrated model, spanning energy sourcing, hyperscale data-centre development, and its cloud platform, Crusoe Cloud. It is currently working on several data center development projects in the US, including a Texas-based 1.2 GW project and a 1.8 GW campus in Wyoming.<\/p>\n

It\u2019s also a Stargate player<\/strong>, with the Texan data center complex it operates for Oracle and OpenAI being the first installation in the USD 500 bn US Stargate initiative<\/a> backed by Abu Dhabi investor MGX.<\/p>\n

IN OTHER MUBADALA NEWS-<\/p>\n

Mubadala <\/strong>backs AAF\u2019s USD <\/strong>55 mn hybrid venture fund: <\/strong>Abu Dhabi\u2019s Mubadala Investment Company backed US-based venture capital firm AAF Management\u2019s latest USD 55 mn fund, according to a press release<\/a>. Family offices from MENA, the US, and Europe, as well as general partners from US firms, also anchored the funding alongside Mubadala.<\/p>\n

About the fund: <\/strong>The Axis Fund targets emerging managers and funds overseeing promising startups and firms at the pre-IPO and pre-seed stage. The fund has already backed 25 pre-seed and seed-stage funds alongside making five direct investments.<\/p>\n

AAF now has a total of USD 250 mn in assets across four funds<\/strong>, and plans to invest 80% of its capital in startups and the remaining 20% in emerging funds, TechCrunch<\/a> reports. AAF has made 138 investments since 2016, backing five companies which have since become unicorns. It focuses primarily on firms in the tech, fintech, healthcare, enterprise software, and deep tech sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company will use the funding to expand its operations and hire additional staff<\/p>\n","protected":false},"author":1,"featured_media":108878,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,25,1343,27],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investment-watch","tag-mubadala","tag-mubadala-investment-company","wpautop","entry"],"acf":{"mongo_id":"55618d97-5f0b-458b-ba50-5b03676afd6c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1231.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund","related_issue":[108865],"teaser":"The company will use the funding to expand its operations and hire additional staff","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.870f8245-5b26-445e-8f1b-5ddf74864ce8.mp3"},"yoast_head":"\nMubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund - 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