Nebius Group

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Nebius Group N.V.
Nasdaq: NBIS
IndustryTechnology company
HeadquartersAmsterdam
Key people
John Boynton, Chairman
Arkady Volozh, CEO
Revenue
Total assets
Total equity
SubsidiariesAvride
TripleTen
Websitenebius.com
Footnotes / references
[1][2]

Nebius Group N.V., headquartered in Amsterdam, is a technology company[3] that provides artificial intelligence infrastructure.[4] The company also owns Avride and TripleTen, as well as stakes in Toloka[5] and Clickhouse.[6] It is headquartered in Amsterdam with offices in Israel and the United States.

History

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The predecessor to Nebius Group was Yandex N.V., the Dutch parent company of a Russian technology company Yandex, which began as a search engine in 1997.[7] Yandex N.V. was registered as the Dutch parent company in 2007.[8] In May 2011, Yandex raised $1.3 billion in an IPO on the NASDAQ.[9][10] In February 2022, the company's securities were suspended from trading on the NASDAQ due to international sanctions during the Russian invasion of the Ukraine.[11] In July 2024, Yandex N.V. sold all of its Russian assets to a consortium of Russian investors, retaining several businesses that operated outside of Russia.[12] This restructuring led to the creation of Nebius Group, focusing on infrastructure for artificial intelligence, with approximately over 1,000 former Yandex employees.[13] Yandex N.V. changed its name to Nebius Group N.V.,[14] with Arkady Volozh as CEO.[15] In October 2024, Nebius resumed trading on the NASDAQ.[16]

Operations

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Nebius operates servers and data centers[17] and provides cloud infrastructure for AI developers.[18] In December 2024, Nebius raised $700 million through private investors, including Nvidia (which acquired 0.5% of Nebius) and Accel Partners.[5]

Nebius owns a data center in Mäntsälä, Finland,[1] a GPU cluster at an Equinix data center in Paris,[19][20][21] a GPU cluster at a data center in Kansas City, Missouri, under construction,[22][23] and a 300MW data center in Vineland, New Jersey, under construction.[24]

Nebius also owns Avride and TripleTen,[5] and has stakes in Toloka and Clickhouse.[6]

References

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