Andreessen Horowitz Leads $2 Billion Funding Round Valuing Switch at $50 Billion
Data center operator Switch is seeking about $2 billion in a private funding round led by Andreessen Horowitz, valuing the company at approximately $50 billion including debt, according to people familiar with the matter. The venture capital firm is leading with a $400 million investment as Switch prepares to expand its facility footprint to meet surging demand from artificial intelligence operators.
The valuation places Switch among the most valuable privately traded infrastructure assets, reflecting sustained investor appetite for facilities capable of housing high-density compute racks. The Reno-based company, which serves major cloud and hyperscale clients, has been prioritizing locations with reliable power and cooling infrastructure to support AI workloads.
From the sources (2 posts)
@techmemeSources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@businessSwitch is kicking off a private funding round led by Andreessen Horowitz that could raise about $2 billion, according to people familiar with the matter