Nebius Group

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 and Clickhouse.[5] It is headquartered in Amsterdam with offices in Israel and the United States.

History

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.[6] Yandex N.V. was registered as the Dutch parent company in 2007.[7] In May 2011, Yandex raised $1.3 billion in an IPO on the NASDAQ.[8][9] 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.[10] 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.[11] This restructuring led to the creation of Nebius Group, focusing on infrastructure for artificial intelligence, with approximately over 1,000 former Yandex employees.[12] Yandex N.V. changed its name to Nebius Group N.V.,[13] with Arkady Volozh as CEO.[14] In October 2024, Nebius resumed trading on the NASDAQ.[15]

In February 2026, Nebius announced the acquisition of the agentic search company Tavily for around $400 million.[16][17] The same month, the company announced plans to build an AI factory in Birmingham, Alabama. The factory was intended to expand the area's technology and AI industry.[18][19]

On 11 March 2026, Nvidia announced that it will invest $2 billion in Nebius.[20]

Operations

Nebius operates servers and data centers[21] and provides cloud infrastructure for AI developers.[22] In December 2024, Nebius raised $700 million through private investors, including Nvidia (which acquired 0.5% of Nebius) and Accel Partners.[23]

Nebius owns a data center in Mäntsälä, Finland,[24] a GPU cluster at an Equinix data center in Paris,[25][26][27] a GPU cluster at a data center in Kansas City, Missouri, under construction,[28][29] and a 300MW data center in Vineland, New Jersey, under construction.[30]

Nebius also owns Avride and TripleTen,[23] and has stakes in Toloka and Clickhouse.[5]