SA国际传媒

, a Denver-based startup that builds data centers, has secured $11.6 billion in new debt and equity funding commitments for a massive new facility it鈥檚 building for AI giant in Texas, .

The eight-building data center is to be the largest used by OpenAI and one of the largest AI datacenters in the world. It is considered to be the first phase of , an ambitious $500 billion AI joint venture created by , , and to build new AI infrastructure in the U.S.

Crusoe and investment firm are both contributing cash as part of the latest financing for the facility, per the Journal. Crusoe began construction on the facility in Abilene last June after striking a deal with cloud infrastructure giant to lease it. OpenAI in turn agreed to rent servers from Oracle.

Crusoe has raised $1.6 billion in funding to date, according to . The startup has received backing from venture firms , and , among others. While the company has continued to attract funding from major backers, energy-related startup funding overall has not scaled up with the AI sector鈥檚 appetite for power. In 2024, global investment in energy startups actually hit its lowest point in four years, SA国际传媒 data shows.

OpenAI has raised $58 billion in funding to date. The San Francisco-based startup raised $40 billion in a SoftBank-led round in April, marking the largest venture funding deal on record. It鈥檚 now valued at $300 billion, making it the second-most valuable private company in the world behind .

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Related reading:

• Power Consumption Is Rising. Energy Startup Funding? Not So Much
• Eye On AI: As Big Money Rolls Into Data Centers, Startup Investment Gains

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