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$140B Backlog, D-Robotics & the Infrastructure Capital Rotation
Audio is available on Spreaker — see link below.
Crusoe's $3.9B close reframes AI infrastructure investing around contracted backlog, not growth promises — plus D-Robotics' geopolitical Series C, China's RISC-V bet, and regulated stablecoin rails going institutional. Six stories shaping where smart capital is moving today.
Audio is available on Spreaker — see link below.
Crusoe Energy just closed three point nine billion dollars at a thirty point nine billion dollar valuation, and the number that made it possible isn't the valuation itself. It's the one hundred and forty billion dollars in contracted value sitting behind it.
The other major development worth tracking is D-Robotics, a Hong Kong-incorporated humanoid robot chip maker, closing a four hundred million dollar Series C. The timing is the story.
In Beijing, EVAS Intelligence closed nearly two billion renminbi in new financing at a fifteen billion renminbi valuation. More than twenty investors participated, including China Mobile.
Two payments stories closed with less fanfare but they're structurally interesting. Manchester-based Ryft raised twenty million pounds in a Series B led by Gresham House.
Two final closes worth noting. Zhongke Guosheng, a Qingdao turbine maker, raised six hundred million renminbi in a Series C co-led by Sequoia China.
The pattern across today's closes is consistent. The venture market is rotating from "AI will grow" to "what becomes scarce because AI grows." Electricity, dispatchable power, robotics chips, regulated payment rails.
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