Nebius Group
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| Nasdaq: NBIS | |
| Industry | Technology company |
| Headquarters | Amsterdam |
Key people | John Boynton, Chairman Arkady Volozh, CEO |
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| Subsidiaries | Avride TripleTen |
| Website | nebius |
| 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
[edit]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
[edit]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
[edit]- ^ a b "NEBIUS GROUP N.V. Form 6-K". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ "Nebius Group N.V. announces fourth quarter and full-year 2024 financial results". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ Lawrence, Cate (2 June 2025). "Full-stack AI company Nebius secures $1B for AI cloud platform development". tech.eu.
- ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". thenextweb.com.
- ^ a b c "Russia Tech Exile Sees Wealth Grow After Switching to AI". bloomberg.com. 16 January 2025.
- ^ a b Sawers, Paul (24 November 2024). "The curious case of Nebius, the publicly traded AI infrastructure 'startup'". techcrunch.com.
- ^ Kramer, Andrew; Rusli, Evelyn M. (24 May 2011). "Yandex's Surge on Debut Stirs More Talk of Tech Bubble". nytimes.com.
- ^ "Yandex to Fully Divest Russian Assets and Distribute Proceeds". bloomberg.com. 14 November 2023.
- ^ Rusli, Evelyn M. (24 May 2011). "Yandex Shares Soar 55% in Market Debut". nytimes.com.
- ^ Krastev, Nikola (24 May 2011). "Russia's Top Internet Company, Yandex, Makes U.S. Debut With IPO". radiofreeeuurope.com.
- ^ "Nasdaq Tells Yandex, Other Russian Firms of Plan to Delist Stocks". reuters.com. 15 March 2023.
- ^ "Yandex NV Renamed Nebius Group After Russia Split". reuters.com. 16 August 2024.
- ^ Seddon, Max (16 July 2025). "Yandex Founder to Build AI Business in Europe After Russian Exit". ft.com.
- ^ "Yandex NV renamed Nebius Group after Russia split". reuters.com. 16 August 2024.
- ^ Bergen, Mark (10 January 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". bloomberg.com.
- ^ Marrow, Andrew; Shekhawat, Jaiveer (18 October 2024). "Nebius Set to Resume Nasdaq Trading After Completing Split from Russia's Yandex". reuters.com.
- ^ Bergen, Mark (10 January 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". bloomberg.com.
- ^ Hijink, Marc; de Koning, Marloes (28 March 2025). "Gevluchte Russen bouwen een Europees alternatief voor Amerikaanse AI. Het resultaat: techstart-up Nebius". nrc.nl.
- ^ Swinhoe, Dan (September 26, 2024). "Nebius deploys AI cluster at Equinix data center in Paris". Data Center Dynamics.
- ^ Ahlgren, Linnea (September 25, 2024). "Nebius launches AI data centre in Paris as part of $1B European investment plan". The Next Web.
- ^ Butler, Georgia (October 16, 2024). "Nebius launches AI cloud offering with Nvidia H100s and H200s". Data Center Dynamics.
- ^ Trueman, Charlotte (November 19, 2024). "Nebius to deploy 5MW Nvidia H200 cluster at Patmos data center in Kansas City, Missouri". Data Center Dynamics.
- ^ Nellis, Stephen (November 20, 2024). "Nebius Group to open first US cloud operations after resuming trading". Reuters.
- ^ 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.