Venture Capital Giant Andreessen Horowitz Leads Data Center Switch's $2 Billion Funding Round

Data center operator Switch Inc. is launching a private funding round led by venture capital giant Andreessen Horowitz to raise $2 billion.

Andreessen Horowitz is committing $400 million as part of the funding round, which would value the Las Vegas-based data center operator at approximately $50 billion, including debt, according to Bloomberg, citing people familiar with the matter. Excluding the new investment, Switch’s equity valuation would be about $19 billion.

Details surrounding the process are still subject to change, although the company has hired JPMorgan Chase & Co. and Goldman Sachs Group to help with the fundraise. Switch, which is majority owned by DigitalBridge Group, is preparing for a potential initial public offering as early as next year, sources added.

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