Amsterdam-based AI firm Nebius Group secures €667M to expand operations

New funding for swift expansion of AI infrastructure

Headquartered in Amsterdam, Nebius Group, an AI infrastructure company, has secured €667 million ($700M) in private placement financing. With the new investment, it plans to scale its operations and expand its capacity to support intensive AI workloads, including data processing, training, and inference. 

Nebius develops full-stack infrastructure for the rapidly growing global AI industry. Its offerings include GPU clusters, cloud platforms, and developer tools. The funding, which includes contributions from Accel, NVIDIA, and Orbis Investments, will enable Nebius to accelerate its AI infrastructure development across two continents.

“We’ve demonstrated the scale of our ambitions, and this strategic financing gives us the additional resources to accelerate our growth. Our expertise in building advanced technology infrastructure positions us to lead the charge in the AI industry. We’re excited to move faster and on a larger scale with the trust and backing of our investors.” - Arkady Volozh, CEO and founder of Nebius Group. 

AI is rapidly growing in Amsterdam

Nebius is building a unique AI-native cloud platform designed to handle the full machine learning lifecycle, from data processing to fine-tuning and inference. With a team of approximately 400 engineers, Nebius’s innovative approach is a key example of how Amsterdam supports cutting-edge technological advancements in the AI industry.

The city of Amsterdam has become a hub for AI development, bringing together top universities, research centres, and companies to accelerate AI-powered solutions. With platforms like AiSalon, institutions such as the University of Amsterdam working on AI-powered innovations and CuspAI, Amsterdam is growing as a global leader in AI research and application. Nebius Group's latest funding highlights the region’s influence in driving AI progress across multiple sectors, both locally and globally. 

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