AI Startup Yotta Seeks $4 Billion Valuation Ahead of Planned IPO

Yotta Data Services Pvt., the data center operator that runs India’s largest cluster of Nvidia Corp. AI processors, is seeking to raise fresh capital at a valuation of about $4 billion as it prepares to file its draft prospectus for an initial public offering.

The Mumbai-based company is aiming to secure roughly $500 million to $600 million in capital and then file its formal listing documents within weeks, according to people familiar with the matter. It plans to raise a similar amount in the public offering.