Switch
Developer and operator of data center ecosystems designed to provide intelligent and sustainable growth of the Internet.
Systems and Information Management
📍 Las Vegas, NV
Founded 2000
Current Valuation
$11B
as of 2022-Q4
DECACORN
Switch operates large-scale, 100% renewably powered data center campuses in Nevada, Texas, Georgia and Michigan, supplying the power, cooling and connectivity that cloud providers and enterprises need to run energy-intensive GPU clusters for AI training and inference. DigitalBridge and IFM Investors took it private in a $11B buyout in December 2022; SoftBank Investment Advisers agreed to acquire DigitalBridge itself in December 2025, putting Switch inside SoftBank's AI-infrastructure orbit.
Company Profile
Growth
The AI data-center repricing has moved far past the $11B take-private: Reuters reported in July 2026 that Switch had hired banks for an IPO that could raise up to $10B as soon as Q4 and value it near $80B including debt, after discussions with private investors at $40B or more. Neither is closed, so the roster keeps the last confirmed transaction price.
Last Round
Buyout/LBO — $11B (Dec 2022)
Fundraising Status
Buyout/LBO · $11B · 3y 8mo ago
expectedTotal raised $1.6B
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Buyout/LBO | $11B | Dec 2022 | — | $11B |
Investors
DigitalBridge · IFM Investors · SoftBank (via DigitalBridge)
Products
- Hyperscale data center campuses (Nevada, Texas, Georgia, Michigan)
- Colocation and interconnection
- Power, cooling and connectivity for GPU clusters
- 100% renewably powered infrastructure
Competitors
Equinix · Digital Realty · CyrusOne · Vantage Data Centers · QTS · Aligned Data Centers
Data CentersAI InfrastructureDigital InfrastructureRenewable EnergyPrivate Equity OwnedIPO Candidate
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q4. Refreshed quarterly.