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Data center operator Switch is reportedly in discussions to raise billions of dollars in a new funding round that could value the company at more than $50 billion, according to a report from The Information. The potential investment highlights the growing demand for data center infrastructure as artificial intelligence (AI) continues to drive unprecedented growth in computing and cloud services.
The report states that major investment firms, including Brookfield Asset Management, KKR, and several institutional investors, are exploring participation in the fundraising round. If completed, the deal would mark one of the largest private funding rounds in the data center industry and further strengthen Switch’s position in the rapidly expanding AI infrastructure market.
Sources familiar with the matter indicated that the fundraising effort could pave the way for a Switch initial public offering (IPO), with a public listing potentially taking place as early as 2027. Investment banking giants Goldman Sachs and JPMorgan are reportedly advising the company and helping coordinate the capital raise.
Switch has not publicly commented on the report, and Reuters noted that it was unable to independently verify the information. The company did not immediately respond to requests for comment outside standard business hours.
The surge in AI adoption has fueled strong investor interest in data center companies, cloud infrastructure providers, and server operators. As businesses deploy advanced AI models and data-intensive applications, demand for large-scale computing facilities has increased significantly, leading to a wave of investment and dealmaking across the sector.
Founded in 2000 by CEO Rob Roy and headquartered in Las Vegas, Nevada, Switch has grown into a major provider of data center and digital infrastructure services. The company serves several high-profile clients, including Nvidia, FedEx, Tesla, and Logitech, according to information available on its website.
With AI-driven demand continuing to reshape the technology landscape, Switch’s planned fundraising round could become a major milestone for the data center industry while positioning the company for future expansion and a possible public market debut.
