European AI Firm Nebius, Rebranded from Yandex, Secures $700M

Dec 2, 2024, 12:10 PM

Nebius, an Amsterdam-based AI infrastructure company rebranded from Russian internet giant Yandex, has successfully raised $700 million in a funding round led by investors including Nvidia, Accel Partners, and Orbis Investments. This investment is aimed at supporting Nebius's expansion plans to provide full-stack infrastructure for AI pioneers globally, focusing on cloud AI tools.