AI & Enterprise

Crusoe in talks to raise $3 billion, valuation seen at $30 billion

Crusoe, a data centre builder, is in talks to raise $3 billion in new funding, Bloomberg News reported on July 2, citing sources familiar with the matter. If the deal is completed, Crusoe’s valuation could reach $30 billion, Bloomberg said, about three times the valuation it received in its previous fundraising last year. Bloomberg did not name potential investors. Nvidia and Salesforce Ventures were among more than 10 participants in an earlier round.

Crypto

Erebor bank talks new funding at $8 billion valuation

Crypto and defence-focused bank Erebor is discussing raising new funds at a valuation of at least $8 billion, Bloomberg News reported on July 2, citing sources familiar with the matter. If the deal is completed, Erebor’s valuation would nearly double from $4.35 billion recognised when it raised $350 million in December last year. The talks are at an early stage and the exact valuation is still being negotiated, the sources said.