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Crusoe and Fluidstack land multibillion AI infrastructure funding

Crusoe, a Denver-based AI cloud and data center firm, just raised $3 billion in a Series F round, pushing its valuation to $30 billion—three times higher than last year. Fluidstack, an AI infrastructure provider from New York, pulled in $1.5 billion, now valued at $18 billion. Both companies say demand for computers that run AI is soaring. Gimlet Labs and Upwind Security also each raised $300 million.

Why it mattersMeeting AI's growing appetite for computing power isn't cheap, and big checks like these show there's still a feeding frenzy for companies that help power large AI systems.

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Crunchbase NewsThe Week’s 10 Biggest Funding Rounds: Crusoe And Fluidstack Lead Multibillion-Dollar AI Infrastructure Haul5:59 PM
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