Crusoe

Energy · Denver, US · crusoe.ai

Builds and powers AI data centers with cleaner energy, born from recovering flared gas.

Founders

Chase Lochmiller (United States · ♂) — A quant trader and crypto investor and avid mountaineer, he co-founded Crusoe in 2018 to capture wasted flared natural gas for energy-intensive compute, later pivoting to AI data centers.
Cully Cavness (United States · ♂) — A geologist and oil-and-gas finance executive, he reconnected with childhood friend Lochmiller hiking Colorado's 14ers and co-founded Crusoe in 2018 to turn stranded energy into computing power.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Oct 2025	Series D Plus Crusoe closed a $1.38 billion Series E co-led by Valor Equity Partners and Mubadala Capital at a $10 billion valuation.	$1.4B
Dec 2024	Series D Plus Crusoe Energy Systems raised 600M USD Series D at a 2.8B USD valuation, led by Founders Fund with Nvidia, to scale clean-energy AI data centres.	$600M

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