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Nebius Group N.V. (NASDAQ: NBIS) is a technology company specializing in AI infrastructure and related services. The company develops and operates a full-stack AI-centric cloud platform, offering compute, storage, and tools for building and running AI models. Its portfolio includes advanced AI infrastructure, data solutions, educational platforms, and autonomous driving technologies.
- Nebius (AI Infrastructure Business) - Provides AI-centric cloud platforms and infrastructure, including large-scale GPU clusters, cloud software, and tools for developers to build and run AI models.
- Toloka - Offers data solutions for AI development, focusing on Generative AI projects and supporting stages from training to evaluation.
- TripleTen - Operates an edtech platform that reskills individuals for tech careers, emphasizing student enrollments and bookings growth.
- Avride - Develops autonomous driving technology for self-driving cars and delivery robots, with strategic partnerships to enhance market presence.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
MLU B.V. | 2023 | Yandex acquired Uber's remaining 28.98% interest in MLU B.V. for $702.5 million in cash, consolidating its mobility business and replacing an earlier call option, with the acquisition treated as an equity transaction and subject to full regulatory approvals. |
Delivery Club | 2022 | Yandex acquired 100% of Delivery Club for RUB 38,620 million by divesting its News and Zen platforms to VK, marking a strategic exit from media to focus on e-commerce, mobility, and delivery, with key assets allocated to goodwill and intangible asset amortization. |
Recent press releases and 8-K filings for NBIS.
- The company entered into subscription agreements on June 2, 2025 for a $1 billion private placement of senior unsecured convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031.
- The net proceeds from the issuance will finance growth initiatives, including expanding its data center footprint and acquiring additional compute power.
- The notes feature an initial conversion rate of 19.4363 Class A shares per $1,000, implying an initial conversion premium of about 40% over the last reported share price, with effective premiums at maturity of approximately 68% and 75% for the 2029 and 2031 notes respectively.
- Nebius Group has announced a private placement of $1 billion in convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031 ( ).
- The net proceeds will be used to finance growth initiatives including expanding data centers and increasing compute capacity, and the Notes are convertible into Class A ordinary shares under specified conversion terms ( ).
- Nebius Group confirmed its participation in ClickHouse's Series C funding round to support the hypergrowth of its core AI infrastructure business.
- The company emphasized that the crystallized value of non-core assets provides billions in funding potential, underpinning their expansion plans.
- Marc Boroditsky has been appointed as Chief Revenue Officer, bringing a strong global go-to-market track record from roles at Twilio, Cloudflare, and Oracle.
- The appointment is part of Nebius Group’s plan to scale its operations to achieve multiple billions of dollars in revenue by expanding its global sales team.
- Nebius, a leading AI infrastructure company with a global presence and advanced full-stack AI technologies, aims to solidify its market leadership in AI infrastructure.
- The letter highlights strong Q1 performance with $55.3 million in revenue (up 385% YoY) and an annualized run-rate revenue of $249 million (up 684% YoY).
- It emphasizes rapid global expansion—from one location to five—and projects achieving $750 million to $1 billion in ARR by year-end.
- The update notes robust financial backing with $1.44 billion in cash at quarter-end and $544 million in CapEx during Q1, underscoring significant investment in growth.
- Bezos Expeditions is introduced as the lead investor in Nebius' AI data business Toloka, marking a pivotal strategic investment.
- The funding is expected to significantly accelerate Toloka’s growth and enhance its market positioning in high-quality AI data solutions.
- Nebius will retain a major economic stake in Toloka but will relinquish majority voting control, aiming for greater governance flexibility and independence for Toloka.