3 in Finance

10/29: Crusoe (Denver, CO), operator of mobile modular data centers for reduced cloud computing costs, raised $500mm of venture funding from Founders Fund at a $2.5B pre-money valuation. Felicis Ventures and other undisclosed investors also participated in the round. (Link)

10/17: Schneider Electric enters into agreement to acquire a majority stake in liquid cooling and advanced thermal management technology developer, Motivair (Lancaster, NY), for $850mm. (Link)

10/16: Lightmatter (Mountainview, CA), photonics leader for next-gen data centers, raises $400mm Series D round led by T. Rowe Price Group, with participation from GV and Fidelity Management. The deal boosts Lightmatter’s valuation to $4B. (Link)

3 for Fun

Equinix will form $15b+ joint venture with GIC and CPP Investments to expand hyperscale data centers in the U.S. (Link)

Google, Microsoft, and Amazon look towards nuclear to power data centers (Link)

Energy Infrastructure Partners and KKR make $50B bet on AI infrastructure and data center power projects (Link)