Nebius Secures $700M Funding Led by Nvidia for AI Infrastructure Expansion

The Netherlands-based AI company, formerly part of Yandex, aims to accelerate its global cloud computing footprint with new investments.

Nebius raised $700 million through a private placement involving Nvidia, Accel, and Orbis Investments, issuing 33.3 million Class A shares at $21 each.
The funding will support Nebius' expansion of AI-focused cloud infrastructure, including GPU clusters and data centers in the U.S. and Europe.
Nebius, rebranded after separating from Yandex earlier this year, has committed $1 billion to AI infrastructure development by mid-2025.
The company raised its 2025 revenue guidance to an annualized run rate of $750 million to $1 billion, up from a previous range of $500 million to $1 billion.
CEO Arkady Volozh emphasized that the financing positions Nebius to compete with major players like Amazon and Microsoft in the booming AI infrastructure market.