Nebius Group announced a $700 million private placement on December 2, 2024, pricing 33.3 million Class A shares at $21 per share. The strategic financing includes participation from Accel, NVIDIA, and Orbis Investments, with the transaction expected to close around December 9, 2024. The company plans to use proceeds to accelerate its full-stack AI infrastructure development, including GPU clusters, cloud platforms, and developer tools.The company has refined its guidance, now expecting to achieve an annualized run-rate revenue of $750 million to $1 billion by year-end 2025. The Board has granted observer rights to Accel Partner Matt Weigand, with plans to nominate him as director at the 2025 Annual General Meeting. Additionally, given strong trading dynamics since resuming Nasdaq trading, the Board has determined that previously considered share...Show More

Nebius Group announced a $700 million private placement on December 2, 2024, pricing 33.3 million Class A shares at $21 per share. The strategic financing includes participation from Accel, NVIDIA, and Orbis Investments, with the transaction expected to close around December 9, 2024. The company plans to use proceeds to accelerate its full-stack AI infrastructure development, including GPU clusters, cloud platforms, and developer tools.The company has refined its guidance, now expecting to achieve an annualized run-rate revenue of $750 million to $1 billion by year-end 2025. The Board has granted observer rights to Accel Partner Matt Weigand, with plans to nominate him as director at the 2025 Annual General Meeting. Additionally, given strong trading dynamics since resuming Nasdaq trading, the Board has determined that previously considered share repurchases are no longer warranted.Nebius' AI infrastructure business currently employs around 400 engineers and features an in-house LLM R&D team. The company is pursuing a comprehensive build-out strategy combining build-to-suit data centers with colocation facilities, offering AI-native GPU cloud services and the recently launched Nebius AI Studio inference service.