---
title: "Crusoe revenue and valuation"
description: "Crusoe's revenue is estimated at $600M–$3.15B. Valued at $30.9B after raising $8.1B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/crusoe.md
canonical_url: https://www.tryspecter.com/revenue-valuation/crusoe
publisher: Specter
last_updated: 2026-11-01
---

# Crusoe revenue and valuation

Specter estimates Crusoe's annual revenue at $600M to $3.15B and its valuation at $27.6B to $39.4B. The company was priced at $30.9B in September 2026.

Crusoe provides energy-first, vertically integrated AI infrastructure and cloud GPU compute.

- Estimated revenue: $600M to $3.15B (October 2026)
- Estimated valuation: $27.6B to $39.4B (October 2026)
- Total funding: $8.1B
- Founded: 2018
- Headquarters: Denver, United States
- Employees: 1,808
- Sector: AI infra
- Specter Rank: #49,235

## Crusoe revenue

Specter's model puts current revenue between $600M and $3.15B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.87B | $600M | $3.15B |
| September 2026 | $2.25B | $680M | $3.82B |
| August 2026 | $1.81B | $570M | $3.06B |
| July 2026 | $1.59B | $600M | $2.58B |
| June 2026 | $1.74B | $650M | $2.83B |
| May 2026 | $1.64B | $840M | $2.44B |
| April 2026 | $1.58B | $800M | $2.36B |
| March 2026 | $1.35B | $440M | $2.25B |
| February 2026 | $1.34B | $520M | $2.17B |
| January 2026 | $1.08B | $370M | $1.78B |
| December 2025 | $840M | $310M | $1.38B |
| November 2025 | $760M | $280M | $1.25B |
| October 2025 | $700M | $270M | $1.14B |
| September 2025 | $650M | $250M | $1.06B |
| August 2025 | $580M | $210M | $960M |
| July 2025 | $570M | $210M | $930M |
| June 2025 | $490M | $199M | $780M |
| May 2025 | $380M | $156M | $610M |
| April 2025 | $390M | $116M | $660M |
| March 2025 | $300M | $96M | $510M |
| February 2025 | $350M | $110M | $590M |
| January 2025 | $320M | $111M | $530M |
| December 2024 | $350M | $155M | $540M |
| November 2024 | $330M | $131M | $530M |
| October 2024 | $350M | $137M | $560M |
| September 2024 | $230M | $80M | $380M |
| August 2024 | $122M | $48M | $195M |
| July 2024 | $118M | $40M | $196M |
| June 2024 | $125M | $43M | $210M |

## Crusoe valuation

Crusoe's valuation rose from $5M at its Seed in May 2019 to $30.9B at its Series F in September 2026. Specter's live estimate sits between $27.6B and $39.4B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $33B | $27.6B | $39.4B |
| September 2026 | $30.9B | $25.7B | $37.1B |
| August 2026 | $30.7B | $24.9B | $37.8B |
| July 2026 | $30.4B | $25.5B | $36.4B |
| June 2026 | $30.2B | $25.2B | $36.3B |
| May 2026 | $30B | $24.9B | $36.1B |
| April 2026 | $22.8B | $19.6B | $26.6B |
| March 2026 | $17.3B | $14.7B | $20.5B |
| February 2026 | $13.2B | $11B | $15.8B |
| January 2026 | $10B | $8.32B | $12B |
| December 2025 | $10B | $8.39B | $11.9B |
| November 2025 | $10B | $8.32B | $12B |
| October 2025 | $10B | $8.32B | $12B |
| September 2025 | $8.99B | $8.12B | $9.96B |
| August 2025 | $8.09B | $6.59B | $9.93B |
| July 2025 | $7.27B | $5.64B | $9.39B |
| June 2025 | $6.54B | $5.49B | $7.79B |
| May 2025 | $5.88B | $4.4B | $7.86B |
| April 2025 | $5.29B | $4.07B | $6.87B |
| March 2025 | $4.76B | $3.82B | $5.92B |
| February 2025 | $4.28B | $3.24B | $5.66B |
| January 2025 | $3.85B | $2.99B | $4.96B |
| December 2024 | $3.46B | $2.79B | $4.29B |
| November 2024 | $3.11B | $2.56B | $3.79B |
| October 2024 | $2.8B | $2.33B | $3.37B |
| September 2024 | $3.46B | $2.47B | $4.85B |
| August 2024 | $4.28B | $3.04B | $6.02B |
| July 2024 | $5.29B | $4B | $7B |
| June 2024 | $6.54B | $5.15B | $8.31B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $30.9B | September 2026 | Funding round |
| $30B | May 2026 | [tradingview.com](https://www.tradingview.com/news/reuters.com,2026:newsml_L6N44V1GQ:0-ai-startup-crusoe-valued-at-30-billion-after-new-funding-bloomberg-news-reports/) |
| $10B | January 2026 | [businessden.com](https://businessden.com/2026/01/21/crusoe-expanding-office-lease-denver/) |
| $10B | November 2025 | [pymnts.com](https://www.pymnts.com/artificial-intelligence-2/2025/from-agentic-payments-to-ai-infrastructure-this-weeks-startup-funding) |
| $10B | October 2025 | Funding round |
| $2.8B | October 2024 | Funding round |
| $10B | April 2024 | [techfundingnews.com](https://techfundingnews.com/crusoe-energy-raises-1b-10b-valuation-clean-power-data-centers/) |
| $1.75B | April 2022 | Funding round |
| $5M | May 2019 | Funding round |

## Crusoe funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 3 Sep 2026 | Series F | $3.9B | $30.9B | Atreides Management, Valor Equity Partners, Mubadala Capital |
| 20 Feb 2026 | Debt financing | $300M | Undisclosed | Goldman Sachs |
| 23 Oct 2025 | Series E | $1.4B | $10B | Valor Equity Partners, Mubadala Capital |
| 25 Aug 2025 | Debt financing | $175M | Undisclosed | Victory Park Capital |
| 11 Jun 2025 | Debt financing | $750M | Undisclosed | Brookfield Asset Management |
| 27 Mar 2025 | Debt financing | $225M | Undisclosed | Upper90 |
| 29 Oct 2024 | Series D | $600M | $2.8B | Founders Fund |
| 21 Apr 2022 | Series C | $350M | $1.75B | G2 Venture Partners |
| 21 Apr 2022 | Debt financing | $155M | Undisclosed | Undisclosed |
| 26 Apr 2021 | Series B | $128M | Undisclosed | Valor Equity Partners |
| 26 Apr 2021 | Debt financing | $40M | Undisclosed | Upper90 |
| 6 Dec 2019 | Venture round | $30M | Undisclosed | KCK, Bain Capital Ventures |
| 6 Dec 2019 | Debt financing | $40M | Undisclosed | Upper90 |
| 3 May 2019 | Seed | $4.5M | $5M | Pathfinder, Bain Capital Ventures, Dragonfly |

## Crusoe vs competitors

The AI cloud market splits between centralized data center infrastructure and decentralized GPU marketplaces.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Crusoe | $600M–$3.15B | $27.6B–$39.4B |
| CoreWeave (coreweave.com) | $12.2B–$18.9B | $49.9B–$136B |
| Lambda (lambda.ai) | $320M–$1.25B | $12.1B–$17.4B |
| Nebius (nebius.com) | $2.38B–$4.35B | $580M–$890M |
| Fluidstack (fluidstack.io) | $163M–$940M | $15B–$21.6B |

## Questions

### What is Crusoe's revenue?

Specter estimates Crusoe's annual revenue at $600M to $3.15B as of October 2026.

### What is Crusoe's valuation?

Crusoe's latest post-money valuation is $30.9B, from a September 2026 Series F. Specter's live estimate is $27.6B to $39.4B.

### How much funding has Crusoe raised?

$8.1B across 14 rounds, from a $4.5M Seed in May 2019 to a $3.9B Series F in September 2026.

### Who invested in Crusoe?

67 investors, including Atreides Management, Brookfield Asset Management, Goldman Sachs, Mubadala Capital, Valor Equity Partners and Victory Park Capital.

### Who are Crusoe's competitors?

CoreWeave, Lambda, Nebius and Fluidstack. Specter ranks 30 competitors for Crusoe.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Crusoe revenue and valuation." tryspecter.com/revenue-valuation/crusoe. Updated November 2026.