Crusoe

Crusoe

Powers computing with wasted and clean energy

About Crusoe

Simplify's Rating
Why Crusoe is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Energy

AI & Machine Learning

Company Size

501-1,000

Company Stage

Series D

Total Funding

$1.1B

Headquarters

Denver, Colorado

Founded

2018

Overview

Crusoe Energy Systems Inc. focuses on providing digital infrastructure that aligns with climate goals by using wasted, stranded, or clean energy sources to power high-performance computing and artificial intelligence. The company converts excess natural gas and renewable energy into computing power, which helps reduce greenhouse gas emissions and supports the transition to cleaner energy. Unlike many competitors, Crusoe specifically targets the intersection of the energy and technology sectors, offering scalable solutions that maximize resource efficiency. Their goal is to turn wasted energy into valuable computing resources, serving clients in technology and energy industries that require significant computational power for applications like AI and machine learning.

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Simplify's Take

What believers are saying

  • Growing CCS adoption aligns with Crusoe's emission reduction technology.
  • Investment in digital oilfield tech enhances Crusoe's operational efficiency.
  • Decentralized energy systems offer integration opportunities for Crusoe's solutions.

What critics are saying

  • Competition from Project Canary may impact Crusoe's market share.
  • Technological advancements in CCS could reduce demand for flaring solutions.
  • Volatility in oil prices affects clients' investment in flaring reduction tech.

What makes Crusoe unique

  • Crusoe offers a fast, low-cost solution to natural gas flaring.
  • Their technology helps maintain regulatory compliance in the oil and gas industry.
  • Crusoe integrates with carbon capture systems to further reduce emissions.

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Funding

Total Funding

$1082.2M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$600
Crusoe
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Industry competitive pay

Health insurance package options that include HDHP and PPO, vision, and dental for you and your dependents

Paid life insurance, short-term and long-term disability

Parental leave

Stock options in a fast-growing, well-funded technology company

Pet-friendly offices

Teladoc

401(k) with a 4% match

Unlimited time off

Cell phone reimbursement

Tuition reimbursement

Company paid commuter benefit; $100 per month

Calm

Company News

Crusoe
Dec 24th, 2024
Crusoe Closes $600M in Series D Round at $2.8 Billion Valuation to Power AI

Crusoe is on a mission to align the future of computing with the future of the climate.

Benzinga
Oct 29th, 2024
Crusoe Energy Secures $500M Investment

Crusoe Energy, a data center startup, secured a $500 million equity investment led by Peter Thiel's Founders Fund, valuing the company at approximately $3 billion. The investment supports Crusoe's expansion in AI infrastructure and coincides with a $3.4 billion deal with Blue Owl Capital for a new data center in Texas. Crusoe uses waste natural gas to power its centers, reducing emissions. Thiel's Founders Fund continues to invest in AI and cryptocurrency sectors.

VentureBeat
Jul 4th, 2024
From Code To Impact: Crusoe’S Hackathon Reveals Ai’S Power To Drive Change In Energy And Beyond

We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More. In a 24-hour hackathon hosted by Crusoe Energy and Lowercarbon Capital, developers demonstrated the remarkable speed at which AI can tackle longstanding challenges in the clean energy sector. The event, held in San Francisco on June 28-29, 2024, showcased how AI tools can compress months or years of traditional work into mere hours, potentially revolutionizing clean energy deployment.The winning team, Verdigris, exemplified this swift transformation by developing an AI system that addresses key barriers in home electrification. Their tool analyzes mortgage data to identify qualified homeowners for zero-cost upgrades and generates personalized marketing materials, including AI-created images of homes with proposed improvements. This level of personalization and automation could significantly accelerate the adoption of home energy upgrades.Team Verdigris’ winning moment    Credit: Crusoe Verdigris’s system integrates with bank databases to access mortgage information, income data and property details

VentureBeat
Jun 24th, 2024
How Gradient Created An Open Llm With A Million-Token Context Window

Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More. In a recent collaboration, AI startup Gradient and cloud compute platform Crusoe extended the “context window” of Llama-3 models to 1 million tokens. The context window determines the number of input and output tokens a large language model (LLM) can process. Big tech companies and frontier AI labs are locked in a race to extend the context windows of their LLMs. In a few months, models have gone from supporting a few thousand tokens to more than a million in less than a year

IREI
Jun 19th, 2024
Crusoe Energy Systems closes funding round co-led by Bain Capital and Founders Fund Pathfinder

Crusoe Energy Systems has successfully completed a $4.5 million seed financing round.

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