Nebius Group Secures $700 Million Investment

Nebius Group has announced the successful raising of $700 million in a private placement financing, led by institutional investors including NVIDIA and Accel, to enhance its AI infrastructure capabilities. The funds will be used to expedite the deployment of GPU clusters, cloud platforms, and tools for AI developers, with plans to invest $1 billion by mid-2025. Founded by Arkady Volozh, Nebius aims to support the global AI industry, building its operations from a recent split of assets from Yandex. The company projects its annualized run-rate revenue for 2025 will reach between $750 million and $1 billion, significantly up from previous estimates. Additionally, Nebius will not pursue a prior share buyback plan, indicating confidence in its growth post-financing. With a substantial R&D center in Israel, Nebius is focused on expanding its presence in the U.S., where many of its clients are located.