NTT Global Data Centers, a unit of Japan’s NTT Inc., is seeking at least $1 billion in fresh capital to fund data center development projects in the United States, according to people familiar with the matter. The funding plan is described as involving efforts to raise money through financing and stake sales tied to the development work. One reported approach is that the company is working with Citigroup to help secure the capital by selling stakes in a development company set up for the new projects. The reports do not specify the total size of the development pipeline, the timing of the fundraise, or whether the money is intended for new builds, expansions, or a mix of both. They also do not detail potential investors, the terms of any stake sale, or how the capital would be allocated across locations in the U.S. NTT Global Data Centers’ effort reflects ongoing investor and operator interest in U.S. data center capacity, though the outlets provide limited additional details beyond the amount sought and the role of Citigroup in the fundraising process.