Crusoe Energy Systems has raised a total of $1.26 billion across multiple rounds, including a $175 million conventional debt round in August 2025, bringing its valuation to $2.8 billion. Founded in 2018 by Cully Cavness and Chase Lochmiller, the Denver-based company builds sustainable AI cloud infrastructure powered by stranded and renewable energy sources. Key investors include Valor Equity Partners, Ribbit Capital, and Tao Capital Partners. Crusoe aims to expand its Digital Flare Mitigation® technology and modular AI data centers, driving climate-positive innovation in high-performance computing.