> ## Content Index > Fetch the complete content index at: https://bytevyte.com/llms.txt > Use this file to discover other available public pages before exploring further. # AI Funding Tracker: Crusoe's $3.9B Round Tops a Week of Compute Bets - URL: https://bytevyte.com/ai-funding-tracker-crusoes-3-9b-round-tops-a-week-of-compute-bets/ - Published: 2026-09-25T18:31:43.000Z - Updated: 2026-09-25T18:31:43.000Z - Description: AI funding tracker: Crusoe's $3.9B Series F leads 23 deals, with training-data, inference and defence rounds pushing AI valuations higher. - Author: Bytevyte Editorial - Tags: ai-beats **Crusoe** closed a $3.9 billion Series F at a $30.9 billion valuation, the largest round in this week's **AI funding tracker**, which covers 23 deals and capital-markets moves spanning compute, training data, applied software, defence and energy. | Date | Deal | Amount | Round | Valuation | | ---------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------ | -------- | --------- | | 2026-09-18 | [Crusoe Series F Hits $30.9B as New York Bills $1M per MW \[Update\]](https://bytevyte.com/crusoe-series-f-hits-30-9b-as-new-york-bills-1m-per-mw-update/) | $30.9B | Series F | $30.9B | | 2026-09-20 | [Manus Valuation Targets $4B in First Raise Since Beijing Blocked Meta](https://bytevyte.com/manus-valuation-targets-4b-in-first-raise-since-beijing-blocked-meta/) | $4B | — | $4B | | 2026-09-21 | [Hang Ten Systems Raises $85M to Sell Enterprise AI Instead of Engineers](https://bytevyte.com/hang-ten-systems-raises-85m-to-sell-enterprise-ai-instead-of-engineers/) | $85M | Seed | — | | 2026-09-21 | [EnduroSat Funding Round Lands $205M to Build Satellites at Drone Volume and Cut Space Data to $1 per Gigabyte](https://bytevyte.com/endurosat-funding-round-lands-205m-to-build-satellites-at-drone-volume-and-cut-space-data-to-1-per-gigabyte/) | $205M | — | — | | 2026-09-21 | [Naive AI Valuation Hits $1.42B on a Bet Against Training From Scratch](https://bytevyte.com/naive-ai-valuation-hits-1-42b-on-a-bet-against-training-from-scratch/) | $1.42B | — | $1.42B | | 2026-09-22 | [Nscale IPO: A $103B Backlog Against a $1.02B Half-Year Loss](https://bytevyte.com/nscale-ipo-a-103b-backlog-against-a-1-02b-half-year-loss/) | $103B | Ipo | — | | 2026-09-22 | [Data Center Opposition Meets Wall Street: Why $198B in Stalled Projects Is Now an IPO Problem](https://bytevyte.com/data-center-opposition-meets-wall-street-why-198b-in-stalled-projects-is-now-an-ipo-problem/) | $198B | Ipo | — | | 2026-09-22 | [Snorkel AI Series E Raises $350M as Expert Data Gets Priced Like Infrastructure](https://bytevyte.com/snorkel-ai-series-e-raises-350m-as-expert-data-gets-priced-like-infrastructure/) | $350M | Series E | — | | 2026-09-22 | [NHTSA Drafts Outcome-Based Driverless Vehicle Safety Standards](https://bytevyte.com/nhtsa-drafts-outcome-based-driverless-vehicle-safety-standards/) | $5M | — | — | | 2026-09-22 | [Heidi Health's $340M Bet: Can the AI Clinical Scribe Hold Its Price?](https://bytevyte.com/heidi-healths-340m-bet-can-the-ai-clinical-scribe-hold-its-price/) | $340M | — | $900M | | 2026-09-22 | [Verda AI Cloud Funding Round Hits $189M as Shortage Drives Valuations](https://bytevyte.com/verda-ai-cloud-funding-round-hits-189m-as-shortage-drives-valuations/) | $189M | — | $1B | | 2026-09-22 | [Legora Valuation Nears $8.5B as Legal AI Startup Seeks $300M](https://bytevyte.com/legora-valuation-nears-8-5b-as-legal-ai-startup-seeks-300m/) | $300M | — | $8.5B | | 2026-09-23 | [Anthropic Trims Claude Opus 5.5 Pricing 20% Weeks Ahead of Nasdaq Debut](https://bytevyte.com/anthropic-trims-claude-opus-5-5-pricing-20-weeks-ahead-of-nasdaq-debut/) | — | Ipo | — | | 2026-09-23 | [China's Humanoid Robot IPO Brake Tests Whether the Orders Are Real](https://bytevyte.com/chinas-humanoid-robot-ipo-brake-tests-whether-the-orders-are-real/) | — | Ipo | — | | 2026-09-23 | [Mirendil Funding Round Nears $5 Billion as Investors Bet on Self-Improving AI](https://bytevyte.com/mirendil-funding-round-nears-5-billion-as-investors-bet-on-self-improving-ai/) | $5B | — | $5B | | 2026-09-23 | [Google.org and Gates Foundation Back AI Tools for Smallholder Farmers With $100M](https://bytevyte.com/google-org-and-gates-foundation-back-ai-tools-for-smallholder-farmers-with-100m/) | $100M | — | — | | 2026-09-23 | [Tekever Series D Closes at $580M, Valuing Drone Maker at $6.4B](https://bytevyte.com/tekever-series-d-closes-at-580m-valuing-drone-maker-at-6-4b/) | $580M | Series D | — | | 2026-09-23 | [Micro1's $4B Valuation Caps a Breakneck Year in AI Training Data](https://bytevyte.com/micro1s-4b-valuation-caps-a-breakneck-year-in-ai-training-data/) | $100M | — | $4B | | 2026-09-23 | [Iambic Therapeutics IPO Puts AI Drug Discovery's Public-Market Value to the Test](https://bytevyte.com/iambic-therapeutics-ipo-puts-ai-drug-discoverys-public-market-value-to-the-test/) | — | Ipo | — | | 2026-09-24 | [AI Inference Funding Surges as Modal Labs and Baseten Chase $15B and $26B Valuations](https://bytevyte.com/ai-inference-funding-surges-as-modal-labs-and-baseten-chase-15b-and-26b-valuations/) | $15B | — | — | | 2026-09-24 | [DeepSeek Revenue Run Rate Doubles to $1 Billion as API Margins Hold](https://bytevyte.com/deepseek-revenue-run-rate-doubles-to-1-billion-as-api-margins-hold/) | $1B | — | — | | 2026-09-24 | [A $22.3B Texas Gas Plant Opens South Korea's $350B US Investment Drive](https://bytevyte.com/a-22-3b-texas-gas-plant-opens-south-koreas-350b-us-investment-drive/) | $22.3B | — | — | | 2026-09-25 | [Island Series F: A $6.4B Bet on the Browser as AI Agent Control Plane](https://bytevyte.com/island-series-f-a-6-4b-bet-on-the-browser-as-ai-agent-control-plane/) | $6.4B | Series F | $6.4B | The financing landed the same week New York urged towns to charge $1 million per megawatt of data center load. [DeepSeek](https://bytevyte.com/deepseek-revenue-run-rate-doubles-to-1-billion-as-api-margins-hold/) separately flagged a $7.45 billion raise, the period's largest planned financing. ## Compute Leads the AI Funding Tracker Infrastructure absorbed the heaviest capital of the period. [Crusoe's Series F](https://bytevyte.com/crusoe-series-f-hits-30-9b-as-new-york-bills-1m-per-mw-update/) closed at $3.9 billion and a $30.9 billion valuation, while [Verda](https://bytevyte.com/verda-ai-cloud-funding-round-hits-189m-as-shortage-drives-valuations/) raised $189 million at a valuation above $1 billion on a bet that GPU scarcity outlasts rivals' buildout. Inference is repricing fastest: [Modal Labs and Baseten](https://bytevyte.com/ai-inference-funding-surges-as-modal-labs-and-baseten-chase-15b-and-26b-valuations/) are negotiating rounds at roughly $15 billion and $26 billion, tripling and doubling their previous valuations. Expert data now carries infrastructure pricing. [Snorkel AI](https://bytevyte.com/snorkel-ai-series-e-raises-350m-as-expert-data-gets-priced-like-infrastructure/) raised $350 million at $3.5 billion, [Micro1](https://bytevyte.com/micro1s-4b-valuation-caps-a-breakneck-year-in-ai-training-data/) cleared $100 million at $4 billion, an eightfold jump in a year on $500 million in annualized revenue, and [Naive AI](https://bytevyte.com/naive-ai-valuation-hits-1-42b-on-a-bet-against-training-from-scratch/) reached $1.42 billion after $400 million across three rounds by betting on mid-training and reinforcement learning rather than pre-training from scratch. ## Applied AI Concentrates in Legal, Health and Enterprise [Legora](https://bytevyte.com/legora-valuation-nears-8-5b-as-legal-ai-startup-seeks-300m/) is seeking $300 million at an $8.5 billion pre-money valuation, a 53% rise in six months on $200 million in ARR. [Heidi Health](https://bytevyte.com/heidi-healths-340m-bet-can-the-ai-clinical-scribe-hold-its-price/) raised $340 million at $900 million, [Island](https://bytevyte.com/island-series-f-a-6-4b-bet-on-the-browser-as-ai-agent-control-plane/) took $400 million at $6.4 billion for the enterprise browser, and [Hang Ten Systems](https://bytevyte.com/hang-ten-systems-raises-85m-to-sell-enterprise-ai-instead-of-engineers/) reached $85 million in seed for outcome-priced enterprise AI. ## Defence, Energy and the Public-Market Queue Hardware ran a parallel track. [Tekever's Series D](https://bytevyte.com/tekever-series-d-closes-at-580m-valuing-drone-maker-at-6-4b/) closed at $580 million for a $6.4 billion valuation, [EnduroSat](https://bytevyte.com/endurosat-funding-round-lands-205m-to-build-satellites-at-drone-volume-and-cut-space-data-to-1-per-gigabyte/) raised $205 million to push space data toward $1 per gigabyte, and South Korea's first $350 billion US investment project, a 6.3 GW Texas gas plant costing $22.3 billion, is built to power data centers and chip fabs. The IPO queue carries the risk in this AI funding tracker. [Nscale's filing](https://bytevyte.com/nscale-ipo-a-103b-backlog-against-a-1-02b-half-year-loss/) pairs a $103.4 billion contract backlog with $140.6 million in half-year revenue and a $1.02 billion loss, while [Iambic Therapeutics](https://bytevyte.com/iambic-therapeutics-ipo-puts-ai-drug-discoverys-public-market-value-to-the-test/) filed an S-1 under IAM to fund three cancer programs. [Anthropic](https://bytevyte.com/anthropic-trims-claude-opus-5-5-pricing-20-weeks-ahead-of-nasdaq-debut/) cut Claude Opus 5.5 pricing 20% to $4/$20 per million tokens weeks before its Nasdaq debut, and OpenAI answered with two cheaper GPT-6 models. Policy shaped two more items. [Manus](https://bytevyte.com/manus-valuation-targets-4b-in-first-raise-since-beijing-blocked-meta/) targeted $4 billion in a $500 million raise, its first since Beijing blocked Meta's acquisition, and [Mirendil's round](https://bytevyte.com/mirendil-funding-round-nears-5-billion-as-investors-bet-on-self-improving-ai/) could reach $1 billion at $5 billion with Kleiner Perkins and a16z weighing a bet on self-improving AI. [Google.org and the Gates Foundation](https://bytevyte.com/google-org-and-gates-foundation-back-ai-tools-for-smallholder-farmers-with-100m/) committed $100 million to AI tools for 200 million smallholder farmers in Africa and South Asia. Build-out friction is now measurable. [Data center opposition](https://bytevyte.com/data-center-opposition-meets-wall-street-why-198b-in-stalled-projects-is-now-an-ipo-problem/) blocked or delayed 45 projects worth $68 billion in Q2 2026, and [China's humanoid robot IPO queue](https://bytevyte.com/chinas-humanoid-robot-ipo-brake-tests-whether-the-orders-are-real/) is slowing as regulators test whether data center and state joint-venture revenue is real demand. [NHTSA](https://bytevyte.com/nhtsa-drafts-outcome-based-driverless-vehicle-safety-standards/) is drafting outcome-based driverless vehicle standards backed by a $5 million SAE consortium. Next period, the tests to watch are the Nscale and Iambic IPO pricings, which will show whether a $103.4 billion backlog and three cancer programs convert contract value into public-market valuation. ## Related Articles - [AI Funding Tracker: Two $3B Rounds and Nvidia's $2.5B Stake Set the Pace](https://bytevyte.com/ai-funding-tracker-two-3b-rounds-and-nvidias-2-5b-stake-set-the-pace/) - [Crusoe $30 billion valuation puts contracted GPU revenue to the test](https://bytevyte.com/crusoe-30-billion-valuation-puts-contracted-gpu-revenue-to-the-test/) - [AI Funding Tracker: Intel's $20B Raise Leads a Busy Week](https://bytevyte.com/ai-funding-tracker-intels-20b-raise-leads-a-busy-week/) ✔Human Verified --- *Researched and cross-referenced against primary sources by the Bytevyte editorial team. This article was generated with the assistance of artificial intelligence and reviewed by the Bytevyte editorial team.*