Data center operator Switch has initiated a $2 billion private financing round, with a16z leading the investment, according to Bloomberg. The financing could elevate Switch's enterprise valuation to nearly $50 billion, with an equity value of about $19 billion, excluding new investments. a16z is expected to contribute approximately $400 million. Goldman Sachs Group and JPMorgan Chase are facilitating the financing, which may position Switch for an IPO as early as next year. Founded in 2000 and headquartered in Las Vegas, Switch operates data centers across Nevada, Michigan, Georgia, and Texas. The company is majority-owned by DigitalBridge, which privatized Switch in a 2022 deal valued at around $11 billion, including debt.