--- title: 'Associate, Capital Markets at Crusoe' canonical: 'https://feeny.ai/job/associate-capital-markets-crusoe-san-francisco-fxjyaaymqs4r' type: 'job' last_seen: '2026-11-06' --- # Associate, Capital Markets at Crusoe - **Company:** [Crusoe](https://feeny.ai/companies/crusoe) - **Location:** San Francisco, CA / United States - **Employment:** full-time - **Work type:** onsite - **Posted:** 2026-11-05 - **Last confirmed live:** 2026-11-06 - **Apply:** https://jobs.ashbyhq.com/crusoe/1d5b5af1-bfde-44d3-a250-3cd37cea9e99 ## Job description Crusoe is on a mission to accelerate the abundance of energy and intelligence. As the only vertically integrated AI infrastructure company built from the ground up, we own and operate each layer of the stack — from electrons to tokens — to power the world's most ambitious AI workloads. When you join Crusoe, you join a team that is building the future, faster. We're in the midst of the greatest industrial revolution of our time. The demand for AI compute is boundless, and power is a bottleneck. We're solving that — with an energy-first approach that makes AI infrastructure better for the world and faster for the people innovating with AI. We're looking for problem-solving, opportunity-finding teammates with a sense of urgency, who believe in the scale of our ambition and thrive on a path not fully paved — people who want to grow their careers alongside a team of experts across energy, manufacturing, data center construction, and cloud services. If you want to do the most meaningful work of your career, help our customers and partners advance their AI strategies, and be part of a high-performing team that believes in each other, come build with us at Crusoe. About the Role: We are seeking a highly motivated and analytical professional to join our Corporate Finance team as an Associate, Capital Markets and Capital Formation. In this critical role, you will be effectively managing the company's financial structure by determining where we source our capital and how we strategically deploy it. This role requires a unique blend of financial structuring expertise, capital allocation discipline, and world-class relationship management to secure and optimize the financing essential for our high-growth initiatives. This role will be required to be based in San Francisco, CA. What You'll Be Working On: Capital Formation & Transaction Execution - Financing Strategy: Support the development and execution of the company's capital strategy across various financing avenues, including debt facilities, equity investments, corporate credit lines, asset-backed securitizations, and private placements,. - Transaction Lead: Act as a key execution team member on new debt and equity issuances, coordinating due diligence, managing legal documentation, and overseeing the closing process. - Financial Modeling: Build, maintain, and stress-test complex financial models to evaluate new financing proposals, analyze pricing, and assess the impact of different capital structures on the balance sheet and overall cost of capital. - Market Intelligence: Monitor global debt and equity capital markets, interest rate environments, and peer company financing activity to inform and shape internal strategy. Relationship Management & Investor Relations - Create and maintain key relationships across the banking and buy-side community. Attend relevant conferences and events to establish strong ties into the capital markets. Lender and Investor Relationship Management: Cultivate and maintain strong, high-touch relationships with investment banks, institutional investors, credit rating agencies, and financial partners. - External Representation: Prepare high-quality, professional marketing materials (pitch books, deal teasers, investor presentations) to articulate the company's financial story and financing needs to external capital providers. - Negotiation Support: Assist senior management in term sheet negotiations and structuring discussions with capital partners. Internal Capital Allocation & Treasury - "Internal Bank" Function: Work closely with treasury and broader finance organizations in order to help manage capital flows and capital availability for new projects (e.g., Corporate Development, Operations, and Business Units) as well as understanding and evaluating internal capital requests, applying a rigorous, return-focused allocation framework. - Liquidity & Risk Management: Support the Treasury function by analyzing short- and long-term cash flow forecasts, monitoring liquidity levels, and managing interest rate and foreign exchange risk exposures. - Reporting and Research: create and distribute internal research papers for executive leadership and the Board of Directors on market activity, peer financings and their pricing, as well as important precedent transaction summaries. What You’ll Bring to the Team: - 1-3 years of experience in Investor Relations, Investment Banking, or Equity Research. - Ideal experience in supporting a company through a significant liquidity event, such as an Initial Public Offering (IPO) or a major public capital raise. - Prior experience working for a large, complex, publicly traded company known for its rigorous financial standards and advanced technology products (e.g., in the semiconductor, cloud, or advanced technology sectors). - Strong understanding of financial modeling, valuation techniques, and Generally Accepted Accounting Principles (GAAP). - High proficiency in Microsoft Office Suite (Excel and PowerPoint) and experience utilizing IR-specific platforms (e.g., Bloomberg, Refinitiv, CRM software). - Outstanding written and verbal communication skills, with a proven ability to synthesize complex data into clear, concise narratives for a financial audience. - Detail-oriented, highly organized, and capable of managing multiple projects under tight deadlines and with a high degree of confidentiality. - Strong interpersonal skills and the ability to build and maintain trust with internal executives and external investors. - Bachelor’s degree in Finance, Economics, Accounting, or a related field. Benefits: - Competitive compensation - Restricted Stock Units - Paid time off & paid holidays - Comprehensive health, dental & vision insurance - Employer contributions to HSA account - Paid parental leave - Paid life insurance, short-term and long-term disability - Professional development & tuition reimbursement - Mental health & wellness support - Commuter benefits (parking & transit) - Cell phone stipend - 401(k) Retirement plan with company match up to 4% of salary - Volunteer time off ## Compensation Range Compensation will be paid in the range of up to $130,000 - $160,000 + Bonus. Restricted Stock Units are included in all offers. Compensation to be determined by the applicants knowledge, education, and abilities, as well as internal equity and alignment with market data. Crusoe is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, disability, genetic information, pregnancy, citizenship, marital status, sex/gender, sexual preference/ orientation, gender identity, age, veteran status, national origin, or any other status protected by law or regulation. ## About Crusoe ## Company Overview - **One-liner**: Crusoe is an energy-first AI infrastructure company that designs, builds, and operates hyperscale data centers and a cloud platform purpose-built for artificial intelligence workloads. - **Entity Type**: Private (Series E) - **Headquarters**: Denver, Colorado, USA - **Founded**: 2018 - **Founders**: Chase Lochmiller and Cully Cavness ## Core Business - Primary industry/industries: AI Infrastructure, Cloud Computing, Data Centers, Clean Energy - Target customers: Enterprise AI companies, AI-native startups, research institutions, government agencies (B2B) - **Mission**: "Accelerate the abundance of energy and intelligence." ## Products & Services - **Crusoe Cloud**: An AI-optimized cloud platform purpose-built for AI workloads, featuring high-performance NVIDIA and AMD compute, accelerated storage, and optimized RDMA networking. Claims to deploy models up to 20x faster and cut costs by up to 81%. - **Crusoe Managed Inference**: A managed AI inference service built with Crusoe's proprietary MemoryAlloy technology, offering best-in-class speed, throughput, and reliability. Features the Crusoe Intelligence Foundry for model selection and API key management. - **AI Data Center Infrastructure**: Vertically integrated design, build, and operation of hyperscale AI factories (e.g., the 1.2 GW Stargate campus in Abilene, TX). Modular, scalable construction for power-hungry AI workloads. - **Crusoe Managed Kubernetes & Slurm**: Managed orchestration services that eliminate operational overhead for customers. - **Crusoe AutoClusters**: Fault-tolerant, managed cluster services for large-scale AI training. ## Market Standing - **Valuation/Market Cap**: Not publicly disclosed (private company). - **Key Metric**: Raised over $1.8B+ in total funding (Series E in 2024 was $1B+; Series D in 2024 was $600M; Series C in 2021 was $350M). - **Notable Investors/Partners**: NVIDIA, NYDIG, GE Vernova, Redwood Materials, Tallgrass, AMD. The company has also partnered with leading energy and technology firms to power its data centers. - **Growth Signals**: Divested bitcoin mining business to NYDIG in 2023 to focus exclusively on AI infrastructure; broke ground on the 1.2 GW Stargate campus in Abilene, TX; expanded into Europe with a geothermal/hydro-powered deployment in Iceland; announced 1.8 GW Wyoming data center with Tallgrass; acquired GPU memory optimization startup Atero and established a Tel Aviv office. ## Competitive Advantages - **Energy-First Approach**: The company’s core differentiator is its vertical integration starting from energy sourcing. It uses "environmentally aligned power sources" (wind, solar, hydropower, geothermal, natural gas with carbon capture) to power its AI factories, including pioneering technology to convert wasted natural gas into energy. - **Vertical Integration**: Controls the entire stack—from finding innovative energy sources to building and managing hyperscale data centers and operating the cloud platform. - **NVIDIA Partnership**: Close partnership with NVIDIA, providing access to the latest and highest-performance GPU hardware for its cloud and infrastructure. - **Proven Performance**: Claims 99.98% uptime, 100% customer satisfaction score, and significant cost/performance advantages (up to 81% cost reduction). ## Strategic Focus - **Massive Infrastructure Expansion**: Aggressively scaling its data center footprint, with major projects in Abilene, Texas (Stargate) and Wyoming (Tallgrass), and expansion into Europe. - **Deepening AI Cloud**: Continuing to build out its Crusoe Cloud platform with managed services (Kubernetes, Slurm, AutoClusters) to make it easier for AI companies to use their infrastructure. - **Responsible AI**: Emphasizing sustainability and responsible AI governance, as evidenced by achieving ISO 42001 certification and publishing an ESG report. - **Acquisition-led Growth**: Acquired Atero (GPU memory optimization) to enhance its core technology stack. ## Why Work Here - **Mission-Driven**: The company is united by a tangible mission: "Accelerate the abundance of energy and intelligence." Employees report high levels of engagement (92% proud to work there per internal survey). - **Massive Growth Trajectory**: Crusoe is at the center of the AI infrastructure boom, building some of the world's most powerful AI factories. For job seekers, this means exposure to cutting-edge technology and the opportunity to scale a company from a startup to an industry leader. - **Culture**: The company values "moving fast and making things," continuous learning, and collective genius. It describes itself as an "AI factory company" that values velocity and impact. - **Work Policy**: Hybrid/Office presence required in most roles. Office locations include: Denver (HQ), San Francisco, Sunnyvale, Bellevue, Tulsa, Dublin (Ireland), and Tel Aviv (Israel). - **Benefits**: Competitive compensation & equity, comprehensive health & wellness, mental health resources, retirement plans, paid time off, leave of absence programs, learning & development, volunteer time off, daily meals allowance, and other location-specific perks. - **Engineering Culture**: Strong emphasis on technical excellence, working with large-scale systems, and pioneering new approaches to energy and infrastructure. The company values candidates' "AI fluency" in its hiring process. ## Sources 1. [crusoe.ai](https://www.crusoe.ai/) 2. [crusoe.ai/careers](https://www.crusoe.ai/about/careers) 3. [crusoe.ai/about/culture](https://www.crusoe.ai/about/careers/culture) 4. [crusoe.ai/about/company](https://www.crusoe.ai/about/company) ## Other roles at Crusoe - [Staff Software Engineer, AI Model Lifecycle](https://feeny.ai/job/staff-software-engineer-ai-model-lifecycle-crusoe-san-francisco-3918za8e9e1h) — San Francisco, CA / United States - [Chief of Staff (Internal)](https://feeny.ai/job/chief-of-staff-internal-crusoe-san-francisco-bwkm4fm3s4sa) — San Francisco, CA / United States - [Chief of Staff](https://feeny.ai/job/chief-of-staff-crusoe-san-francisco-qrfygkwp3rwj) — San Francisco, CA / United States - [Senior Technical Sourcing Manager, Fiber](https://feeny.ai/job/senior-technical-sourcing-manager-fiber-crusoe-bellevue-wyvbb6jrpc2m) — Bellevue, WA / United States - [Senior Asset Analyst, Supply Chain](https://feeny.ai/job/senior-asset-analyst-supply-chain-crusoe-denver-vc7357r6rbt7) — Denver, CO / United States - [Senior Asset Analyst, Supply Chain](https://feeny.ai/job/senior-asset-analyst-supply-chain-crusoe-san-francisco-hakbnyhhqfsv) — San Francisco, CA / United States - [Senior QA Engineer, Client Interfaces](https://feeny.ai/job/senior-qa-engineer-client-interfaces-crusoe-san-francisco-m5nzrby0g8r9) — San Francisco, CA / United States - [Senior Financial Analyst, Headcount & OpEx Planning](https://feeny.ai/job/senior-financial-analyst-headcount-opex-planning-crusoe-bellevue-bm7y7n3p3kej) — Bellevue, WA / United States - [Staff Quality Control (QC) Engineer](https://feeny.ai/job/staff-quality-control-qc-engineer-crusoe-childress-88wv4gkyhqw4) — Childress, TX / United States - [Senior Staff Quality Control (QC) Engineer](https://feeny.ai/job/senior-staff-quality-control-qc-engineer-crusoe-warrenton-0cwaz2xgkaj7) — Warrenton, MO / United States