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. [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
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]
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