AI startup Yotta seeks to raise $500-600 million in funding at a $4 billion valuation

BlockBeats News, March 20th, According to Bloomberg, Yotta Data Services Pvt., the operator of India's largest-scale NVIDIA AI processor cluster, is seeking a new round of financing at a valuation of around $4 billion before filing its initial public offering (IPO) prospectus.

This Mumbai-based company plans to raise about $500 million to $600 million and submit its formal listing documents in a few weeks. Sources revealed that the company also plans to raise a similar amount of funds in a follow-on offering.