Crusoe Energy SystemsStart-up with Denver, which builds data centers, secured $ 11.6 billion for new debt and equity for a huge new facility that builds for AI Giant Openai In Texas, Wall Street Journal reported.
The eight building data center is expected be the largest used by OpenAI and one of the largest AI data centers in the world. Is considered the first phase Stargate projectambitious $ 500 billion in a joint undertaking AI created by OpenaiIN SoftbankIN Oracle AND MGX To build a new AI infrastructure in the USA
Crusoe and investment company Blue Owl capital Both contribute to money as a part of the latest financing of the facility in response to the magazine. Crusoe began building a facility in Abilene in June last yr after the conclusion of the contract with the infrastructure giant in the cloud Oracle rent it. Openai, in turn, agreed to rent Oracle servers.
According to Crusoe, he has raised $ 1.6 billion so far Crunchbase data. Startup received support from Venture firms FoundersIN G2 Venture partners AND Bain Capital Venturesamong others. While the company is still attracting funds from the primary supporters, generally financing of startups related to energy has not increased with the appetite of the AI sector for energy. In 2024, global investments in energy startups reached the lowest point in 4 years, showing Crunchbase data.
Openai has collected $ 58 billion so far. The startup from San Francisco raised $ 40 billion in April in a round run by Softbank, marking the largest offer of financing the project. It is now priced at $ 300 billion, which makes it the second most vital private company in the world Spacex.