Switch Launches $2 Billion Fundraising Round Led by a16z, Eyes $50 Billion Valuation

According to ChainCatcher, data center operator Switch recently launched a $2 billion private fundraising round led by venture capital firm a16z. The company's post-investment valuation is expected to reach approximately $50 billion including debt, with equity value around $19 billion. a16z will invest approximately $400 million in the round. Goldman Sachs and JPMorgan are assisting with the fundraising process.

Switch is preparing for a potential initial public offering as early as next year, though terms remain subject to negotiation. The Las Vegas-based data center operator, founded in 2000, operates facilities across Nevada, Michigan, Georgia, and Texas, with majority stake held by DigitalBridge.