Nebius Group

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Nebius Group N.V.
Nasdaq: NBIS
IndustryTechnology company
HeadquartersAmsterdam
Key people
John Boynton, Chairman
Arkady Volozh, CEO
Revenue
  • Decrease US$117.5 million (2024)
  • Decrease -US$443 million (2024)
  • Decrease -US$282 million (2024)
Total assets
  • Decrease US$3.551 billion (2024)
Total equity
  • Decrease US$3.256 billion (2024)
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.

The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex. In July 2024, due to international sanctions during the Russian invasion of Ukraine, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group, then focusing on artificial intelligence.

History

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The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex; in May 2011, it raised $1.3 billion in an initial public offering on the Nasdaq.[7][8][9][10]

In February 2022, the company's securities were suspended for trading on the Nasdaq due to international sanctions during the Russian invasion of Ukraine. In July 2024, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group, then focusing on artificial intelligence..[11] In October 2024, its shares resumed trading on the Nasdaq.[12][13]

Operations

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Nebius operates servers and data centers[14] and provides cloud infrastructure for AI developers.[15] 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,[16][17][18] a GPU cluster at a data center in Kansas City, Missouri, under construction,[19][20] and a 300MW data center in Vineland, New Jersey, under construction.[21] Nebius also owns Avride and TripleTen,[5] and has stakes in Toloka and Clickhouse.[6]

References

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  1. ^ a b "NEBIUS GROUP N.V. Form 6-K". U.S. Securities and Exchange Commission. February 20, 2025.
  2. ^ "Nebius Group N.V. announces fourth quarter and full-year 2024 financial results". U.S. Securities and Exchange Commission. February 20, 2025.
  3. ^ Lawrence, Cate (2 June 2025). "Full-stack AI company Nebius secures $1B for AI cloud platform development". tech.eu.
  4. ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". thenextweb.com.
  5. ^ a b c "Russia Tech Exile Sees Wealth Grow After Switching to AI". bloomberg.com. 16 January 2025.
  6. ^ a b Sawers, Paul (24 November 2024). "The curious case of Nebius, the publicly traded AI infrastructure 'startup'". techcrunch.com.
  7. ^ Rusli, Evelyn M. (May 24, 2011). "Yandex Shares Soar 55% in Market Debut". The New York Times. Archived from the original on August 9, 2017.
  8. ^ Krastev, Nikola (May 24, 2011). "Russia's Top Internet Company, Yandex, Makes U.S. Debut With IPO". Radio Free Europe/Radio Liberty.
  9. ^ Kramer, Andrew; Rusli, Evelyn M. (May 24, 2011). "Yandex's Surge on Debut Stirs More Talk of Tech Bubble". The New York Times.
  10. ^ "Yandex scores big on first day". American City Business Journals. May 25, 2011.
  11. ^ "Yandex NV renamed Nebius Group after Russia split". Reuters. August 16, 2024.
  12. ^ "Nasdaq Resumes Trading in Nebius Group N.V." (Press release). Nasdaq. October 18, 2024.
  13. ^ Marrow, Alexander; Shekhawat, Jaiveer (October 18, 2024). Zahid, Tasim (ed.). "Nebius set to resume Nasdaq trading after completing split from Russia's Yandex". Reuters.
  14. ^ Bergen, Mark (10 January 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". bloomberg.com.
  15. ^ Hijink, Marc; de Koning, Marloes (28 March 2025). "Gevluchte Russen bouwen een Europees alternatief voor Amerikaanse AI. Het resultaat: techstart-up Nebius". nrc.nl.
  16. ^ Swinhoe, Dan (September 26, 2024). "Nebius deploys AI cluster at Equinix data center in Paris". Data Center Dynamics.
  17. ^ Ahlgren, Linnea (September 25, 2024). "Nebius launches AI data centre in Paris as part of $1B European investment plan". The Next Web.
  18. ^ Butler, Georgia (October 16, 2024). "Nebius launches AI cloud offering with Nvidia H100s and H200s". Data Center Dynamics.
  19. ^ Trueman, Charlotte (November 19, 2024). "Nebius to deploy 5MW Nvidia H200 cluster at Patmos data center in Kansas City, Missouri". Data Center Dynamics.
  20. ^ Nellis, Stephen (November 20, 2024). "Nebius Group to open first US cloud operations after resuming trading". Reuters.
  21. ^ Trueman, Charlotte (March 5, 2025). "Nebius to build 300MW data center in New Jersey, will launch Icelandic colocation deployment in Q2 2025". Data Center Dynamics.