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^[5] and Clickhouse.^[6] It is headquartered in Amsterdam with offices in Israel and the United States.

Nebius Group N.V.

Traded as	Nasdaq: NBIS
Industry	Technology company
Headquarters	Amsterdam
Key people	John Boynton, Chairman Arkady Volozh, CEO
Revenue	US$117.5 million (2024)
Operating income	-US$443 million (2024)
Net income	-US$282 million (2024)
Total assets	US$3.551 billion (2024)
Total equity	US$3.256 billion (2024)
Subsidiaries	Avride TripleTen
Website	nebius.com
Footnotes / references [1][2]

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

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

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]