Nebius Group
| Nasdaq: NBIS | |
| Industry | Technology company |
| Headquarters | Amsterdam |
Key people | John Boynton, Chairman Arkady Volozh, CEO |
| Revenue |
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| Total assets |
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| Owner | Nvidia (0.5%)[1] |
| Subsidiaries | Nebius.AI Toloka Avride TripleTen |
| Website | group |
| Footnotes / references [2][3] | |
Nebius Group N.V., headquartered in Amsterdam, is a holding company that owns Nebius.AI, Toloka, Avride, TripleTen, and minority stakes in other companies focused on artificial intelligence.[2][4][5] It also owns a data center in Mäntsälä, Finland,[2] a GPU cluster at an Equinox data center in Paris,[6][7][8] a GPU cluster at a data center in Kansas City, Missouri, under construction,[9][10][11] and a 300MW data center in Vineland, New Jersey, under construction.[12][13]
The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex. In July 2024, due to international sanctions during the Russian invasion of Ukraine, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group.
History
[edit]The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex.
On May 24, 2011, the company raised $1.3 billion in an initial public offering on NASDAQ, the biggest initial public offering for a dot-com company since Google's offering in 2004.[14][15][16][17] At that time, Baring Vostok Capital Partners owned a 35% stake in the company and Tiger Technologies owned a 15% stake.[18][19]
In February 2022, the company's securities were suspended for trading on the Nasdaq due to international sanctions during the Russian invasion of Ukraine. In July 2024, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group.[20] In October 2024, its shares resumed trading on the Nasdaq.[21][22]
References
[edit]- ^ Singh, Jaspreet (February 15, 2025). "Nvidia cuts stake in Arm Holdings, discloses position in China's WeRide". Reuters.
- ^ a b c "NEBIUS GROUP N.V. Form 6-K". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ "Nebius Group N.V. announces fourth quarter and full-year 2024 financial results". U.S. Securities and Exchange Commission. February 20, 2025.
- ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". TNW.
- ^ Sawers, Paul (July 21, 2024). "From Yandex's ashes comes Nebius, a 'startup' with plans to be a European AI compute leader". TechCrunch.
- ^ Swinhoe, Dan (September 26, 2024). "Nebius deploys AI cluster at Equinix data center in Paris". Data Center Dynamics.
- ^ Ahlgren, Linnea (September 25, 2024). "Nebius launches AI data centre in Paris as part of $1B European investment plan". The Next Web.
- ^ Butler, Georgia (October 16, 2024). "Nebius launches AI cloud offering with Nvidia H100s and H200s". Data Center Dynamics.
- ^ "Patmos Announces Nebius as First Tenant in New Kansas City Data Center" (Press release). Business Wire. November 19, 2024.
- ^ Trueman, Charlotte (November 19, 2024). "Nebius to deploy 5MW Nvidia H200 cluster at Patmos data center in Kansas City, Missouri". Data Center Dynamics.
- ^ Nellis, Stephen (November 20, 2024). "Nebius Group to open first US cloud operations after resuming trading". Reuters.
- ^ Trueman, Charlotte (March 5, 2025). "Nebius to build 300MW data center in New Jersey, will launch Icelandic colocation deployment in Q2 2025". Data Center Dynamics.
- ^ "Nebius accelerates US expansion, adding up to 300 MW capacity at new data center in New Jersey" (Press release). Business Wire. March 5, 2025.
- ^ Rusli, Evelyn M. (May 24, 2011). "Yandex Shares Soar 55% in Market Debut". The New York Times. Archived from the original on August 9, 2017.
- ^ Krastev, Nikola (May 24, 2011). "Russia's Top Internet Company, Yandex, Makes U.S. Debut With IPO". Radio Free Europe/Radio Liberty.
- ^ Kramer, Andrew; Rusli, Evelyn M. (May 24, 2011). "Yandex's Surge on Debut Stirs More Talk of Tech Bubble". The New York Times.
- ^ "Yandex scores big on first day". American City Business Journals. May 25, 2011.
- ^ Pfauth, Ernst-Jan (October 12, 2008). "Yandex IPO delayed after all, what a surprise". The Next Web.
- ^ Popova, Olga; Kiselyova, Maria; Mosolova, Tanya (May 20, 2008). "Russia's Yandex plans up to $2 bln NY IPO - source". Reuters. Moscow. Archived from the original on January 11, 2021.
- ^ "Yandex NV renamed Nebius Group after Russia split". Reuters. August 16, 2024.
- ^ "Nasdaq Resumes Trading in Nebius Group N.V." (Press release). Nasdaq. October 18, 2024.
- ^ Marrow, Alexander; Shekhawat, Jaiveer (October 18, 2024). Zahid, Tasim (ed.). "Nebius set to resume Nasdaq trading after completing split from Russia's Yandex". Reuters.