Reuters/Amr Alfiky
Abu Dhabi’s Mubadala Investment Company is among the investors backing Crusoe, a San Francisco-based artificial intelligence infrastructure provider, in its $600 million funding round.
The Series D funding round was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Nvidia, Ribbit Capital and Valor Equity Partners.
In June 2022, Mubadala participated in a $350 million series C funding round for US-based Crusoe Energy.
Crusoe has been expanding its global footprint of AI infrastructure over the past year, and its customer count has grown more than seven times in the past 12 months. The company now operates in nine states and three countries, including Iceland.
This month, Mubadala CEO and managing director Khaldoon Al Mubarak said the fund has significant significant exposure to the US with focus on AI and private credit, with exposure to the asset class reaching almost $20 billion.