DayOne Is Said to Consider Upsizing Funding Round to $4 Billion

DayOne Data Centers Ltd. is considering upsizing its Series C funding round to more than $4 billion, according to people familiar with the situation, amid strong investor interest in assets supporting an artificial intelligence boom.

The new size would be about twice as big as a previous closing in January and led mostly by existing backers, the people said, asking not to be identified because the deliberations are private.

DayOne, which was close to filing confidentially for a listing in the US in March, is now focused on completing the upsized Series C round before making a decision on the ...