Nebius Group

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]

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

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]

References

1. "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. "Russia Tech Exile Sees Wealth Grow After Switching to AI". bloomberg.com. 16 January 2025.
6. 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.