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Nebius Group

Dutch holding group From Wikipedia, the free encyclopedia

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Nebius Group N.V., headquartered in Amsterdam, is a holding company that owns Nebius.AI, Toloka, Avride, TripleTen, and minority stakes in other companies focused on artificial intelligence.[2][4][5] It also owns a data center in Mäntsälä, Finland,[2] a GPU cluster at an Equinix data center in Paris,[6][7][8] a GPU cluster at a data center in Kansas City, Missouri, under construction,[9][10][11] and a 300MW data center in Vineland, New Jersey, under construction.[12][13]

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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.

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History

The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex.

On May 24, 2011, the company raised $1.3 billion in an initial public offering on NASDAQ, the biggest initial public offering for a dot-com company since Google's offering in 2004.[14][15][16][17] At that time, Baring Vostok Capital Partners owned a 35% stake in the company and Tiger Technologies owned a 15% stake.[18][19]

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.[20] In October 2024, its shares resumed trading on the Nasdaq.[21][22]

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References

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