Nebius Raises USD 700 Million to Accelerate AI Infrastructure Expansion, Backed by Nvidia

Nebius Raises USD 700 Million to Accelerate AI Infrastructure, Backed by Nvidia and Accel
AI infrastructure company Nebius Group (Nebius) announced on Monday that it has entered into an agreement to raise USD 700 million in private placement financing from investors, including Nvidia, Accel, and certain accounts managed by Orbis Investments. The financing aims to accelerate Nebius’ previously announced plans to expand its AI infrastructure, encompassing large-scale GPU clusters, data centers, and tools and services for developers. The funds will also support the Nebius AI Studio, which offers affordable machine learning services to app developers.

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Investment to Expand AI Infrastructure

Arkady Volozh, founder and CEO of Nebius, said: “We have demonstrated the scale of our ambitions, initiating an AI infrastructure build-out across two continents. This strategic financing gives us additional firepower to do it faster and on a larger scale.”

Nebius highlighted that its full-stack AI infrastructure is purpose-built to meet the demands of the global AI industry. Nebius’ core AI infrastructure business has around 400 engineers with knowledge of building world-class tech infrastructure, as well as an in-house large language model (LLM) R&D team.

The Company is implementing an AI infrastructure build-out strategy that combines investments in build-to-suit data centers at greenfield sites with additional capacity deployments through colocations and the expansion of its existing facilities.

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Nebius GPU Cloud and AI Studio

The AI-native Nebius GPU cloud is designed to manage the complete ML lifecycle – from data processing and training through to fine-tuning and inference – all in one place. The recently launched Nebius AI Studio inference service expands the Company’s offering to app builders, with access to a range of open-source models in a flexible, user-friendly environment at among the lowest price-per-token on the market, the company said.