finance
Switch discusses funding round targeting over $50 billion valuation
Switch is in talks to raise new capital at a valuation above $50 billion, according to a report by The Information. The company has not confirmed details of the discussions.
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Switch is in discussions to raise funds at a valuation exceeding $50 billion, The Information reported. The talks involve potential new investment in the company. No dollar amount for the round or timeline for closing has been disclosed.
Background on the company Switch operates data center facilities.
The reported valuation would place the company among higher-valued private technology infrastructure firms. The Information is an independent technology news outlet that first published the report on the funding talks.
Transparency
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CorroborationModerate · 2 sources
