Nov 5 (Reuters) - Artificial intelligence infrastructure
startup Crusoe, which is developing a large data center in Texas
for Oracle and OpenAI, is arranging an employee share
sale that values the firm at around $13 billion, The Information
reported on Wednesday.
The deal involves selling around $120 million worth of
employee shares and would value them at a 30% premium to an
equity funding round Crusoe announced just weeks ago, the report
said, citing people familiar with the matter.
Crusoe did not immediately respond to a Reuters request for
comment.
Last month, Crusoe said it was raising $1.38 billion at a
valuation of about $10 billion from an anticipated Series E
funding round.
That round was co-led by Valor Equity Partners and Mubadala
Capital, and included Nvidia ( NVDA ), Fidelity Management and
Founders Fund as some of its major investors.
The Denver-based company, which was involved in building
OpenAI's first big data centre in the U.S., has raised about
$3.9 billion since its inception in 2018.
The first phase of its 1.2 gigawatt data center campus in
Abilene, Texas, was live just one year after construction began,
it had announced in September.