A data center company carried Colorado’s startup scene in October.

Crusoe, the Denver-based business that builds servers for artificial intelligence firms like OpenAI, raised $1 billion last month — the first close on a prospective $1.4 billion round, SEC form D filings show.

The total round will value the company, which Cully Cavness and Chase Lochmiller founded in 2018 as a bitcoin mining enterprise, at $10 billion, Crusoe said .

That tally accounted for the vast majority of startup funding in the Centennial State last month. Outside of Crusoe, 27 fledgling companies raised $188 million, up from the $181 million 27 deals garnered in September but down from the $429 million 49 businesses raised in October 2024 .

Seven non-Crusoe Denver startups pulled in $52.5 million while four Bould

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