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