Nebius Group, a leading AI infrastructure firm, has successfully raised $1 billion through convertible notes to propel its growth in the rapidly expanding global AI sector. The company specializes in creating a comprehensive infrastructure tailored for artificial intelligence applications, which encompasses large-scale GPU clusters, an AI-driven cloud platform, and various tools for developers.
Headquartered in Amsterdam and publicly traded on Nasdaq, Nebius has established a global presence with research and development facilities and offices across Europe, North America, and Israel. At the core of its operations is an AI-focused cloud platform engineered to handle demanding AI and machine learning tasks, featuring proprietary software and custom-designed hardware.
In addition to its primary services, Nebius manages three distinct businesses: Toloka AI, which focuses on providing training data for AI development; Avride, known for its expertise in self-driving technology; and TripleTen, an educational platform dedicated to reskilling individuals for careers in the tech industry. Nebius also holds equity stakes in notable tech companies like ClickHouse and Toloka, which enhance its capabilities in AI data solutions.
Arkady Volozh, founder and CEO of Nebius, described the funding round as a significant achievement that reflects strong confidence from investors in the company’s vision. He noted the rapid scaling following a prior $700 million equity financing in December 2024, asserting the new capital will enable Nebius to accelerate growth and enhance revenue streams going into 2026, aiming for substantial revenue in the coming years.
Volozh emphasized that Nebius’ strong balance sheet and manageable interest obligations will facilitate the efficient translation of revenue growth into profits, allowing for reinvestment into the company’s core offerings. He believes that strategic financial positioning will empower Nebius to deploy further capital for expansion while maintaining controlled leverage and minimizing shareholder dilution.
The funds raised will be allocated towards ongoing business growth, including acquiring more computing power, expanding data center facilities, and supporting general operational needs, reinforcing Nebius Group’s commitment to solidifying its role as a frontrunner in AI infrastructure development. This move not only signifies a positive outlook for the company but also highlights its intent to contribute significantly to the evolving landscape of AI technology.