Nebius

Nebius’s predecessor was the Yandex group. The group’s founders began developing search technology in 1989 and launched the Yandex website in 1997; the Dutch company Yandex N.V. became the group’s parent company in 2007, with its registered office in Schiphol, the Netherlands.⁠[1][1]

In May 2011 Yandex N.V.’s Class A shares were listed on the Nasdaq Global Select Market under the ticker YNDX, and in June 2014 they were also listed on the Moscow Exchange. Arkady Volozh was executive director of Yandex N.V. and the group’s chief executive officer from 2000 to 2022.⁠[1][2]

In April 2015 the group signed an agreement to build a greenfield data center in Mäntsälä, Finland, designed to its own specifications to optimize power and hardware; it later became a major source of compute for the Nebius AI cloud.⁠[2][3]

On February 28, 2022, Nasdaq and the New York Stock Exchange halted trading in the securities of a number of companies with material operations in Russia, including Yandex N.V. In March 2023 Nasdaq’s Listing Qualifications Staff notified the company that its securities would be delisted as of March 24; the company appealed, and the appeal was granted subject to conditions tied to the sale of its Russian businesses.⁠[1][1]

In June 2022 the European Union and Switzerland designated Arkady Volozh under sanctions. Volozh is the settlor of a family trust that holds Class B shares carrying 45.1 percent of the voting power and 8.5 percent of the economic interest in the company (as of March 31, 2024). At the time of his designation, Volozh irrevocably undertook not to instruct the trustee on how to vote these shares, and the trustee instead voted in accordance with the recommendations of the independent members of the board. The designations were removed in March 2024.⁠[1][1][1][1]

On February 5, 2024, Yandex N.V. announced a definitive agreement with a purchaser consortium to sell all of the group’s businesses in Russia and certain international markets at a valuation of about $5.4 billion, payable in cash and the company’s own Class A shares; approved by the board and shareholders, the deal had its first closing on May 17 and its final closing on July 12. The divested businesses accounted for more than 95 percent of the group’s consolidated revenues, assets and employees at the time. The company received $2.8 billion in cash and 162.5 million Class A shares, and completed its delisting from the Moscow Exchange on July 10. Chairman John Boynton said that all connections with Russia had now been severed.⁠[2][4][2][2][2][4][4][4]

On July 16, 2024, the company launched as Nebius Group, aiming to become a leading European provider of infrastructure to AI builders worldwide; it was founded and led by Arkady Volozh and headquartered in Amsterdam, with R&D and commercial hubs in Europe, the US and Israel. Its core business is an AI cloud platform built for intensive AI workloads, alongside three other businesses: the AI data company Toloka, the tech reskilling platform TripleTen and the autonomous driving company Avride. Volozh said the business was foundational, like the railways in the industrial revolution. The company’s name combines the Latin “nebula” (cloud) with the infinite loop of the Möbius strip.⁠[5][5][5][5][5][5][6]

On August 20, 2024, the company announced the completion of its name change from Yandex N.V. to Nebius Group N.V., with its ticker changing from YNDX to NBIS as of August 21. In the same month Volozh was appointed executive director and chief executive officer.⁠[7][2]

In September 2024 Nebius announced plans to invest more than $1 billion in AI infrastructure in Europe by mid-2025 and launched a GPU cluster in Paris, one of the first in Europe to offer NVIDIA H200 GPUs.⁠[3][3]

In October 2024 the group’s autonomous driving company Avride entered a multiyear partnership with Uber to bring its delivery robots and autonomous vehicles to Uber and Uber Eats, starting with delivery robots in Austin, with autonomous rides planned for Dallas the following year.⁠[8][8][8]

At 9:00 a.m. Eastern time on October 21, 2024, Nebius’s Class A shares resumed trading on the Nasdaq Global Select Market, ending the suspension that began in February 2022.⁠[9][2]

In December 2024 Nebius announced a $700 million private placement to institutional investors at $21 per share, including Accel, NVIDIA and accounts managed by Orbis Investments, to expand compute deployments in the US and other markets. Its core AI infrastructure business then had about 400 engineers.⁠[10][10][10][10]

In May 2025 Nebius announced a strategic investment in its AI data business Toloka led by Bezos Expeditions, Jeff Bezos’s investment firm, with participation from Shopify CTO Mikhail Parakhin, who became executive chairman of Toloka’s new board, giving Toloka greater independence in governance.⁠[11][11][11]

On September 8, 2025, Nebius announced a multi-year agreement to provide Microsoft with dedicated GPU capacity in tranches from its new data center in Vineland, New Jersey. The agreement runs for five years with a total contract value of about $17.4 billion through 2031, rising to about $19.4 billion if Microsoft acquires additional services; if Nebius fails to meet delivery dates after a grace period and cannot provide alternative capacity, Microsoft may terminate the affected service. Volozh said it was the first large long-term contract with leading AI labs and big tech companies.⁠[12][13][13][13][12]

To finance this, on September 15 Nebius closed a public offering of about 10.81 million Class A shares at $92.50 per share together with about $3.16 billion of convertible senior notes, raising about $4.2 billion in total.⁠[14][14][14]

On November 11, 2025, alongside its third-quarter results, Nebius announced a five-year AI infrastructure agreement with Meta valued at about $3 billion and an at-the-market equity program for up to 25 million Class A shares.⁠[15][15]

In February 2026 Nebius announced the acquisition of Tavily, an agentic search provider serving Fortune 500 enterprises and top AI companies, bringing real-time web search into its AI cloud platform; Tavily founder and CEO Rotem Weiss and his team joined Nebius, and the brand continued to operate.⁠[16][16][16]

On March 11, 2026, NVIDIA and Nebius announced a strategic partnership under which NVIDIA would invest $2 billion in Nebius, supporting its deployment of more than 5 gigawatts of NVIDIA systems by the end of 2030.⁠[17][17]

On March 16, Nebius signed a new five-year agreement with Meta: starting in early 2027 it will provide $12 billion of dedicated capacity at multiple locations based on the NVIDIA Vera Rubin platform, and Meta committed to buy up to $15 billion of additional available capacity over five years, for a total contract value of up to about $27 billion.⁠[18][18][18]

In May 2026 Nebius broke ground on its first gigawatt-scale AI factory campus in the US, on about 400 acres in Independence, Missouri, expected to create about 1,200 construction jobs and 130 permanent positions and to generate $650 million in tax payments to local school districts and taxing jurisdictions over 20 years.⁠[19][19][19][19][19]

In July 2026 Nebius introduced an asset-light partnership model: partners finance, own and operate the data centers and hardware, while Nebius supplies its systems architecture, supply-chain access, hardware design and software and services, and takes the capacity to market through its global sales organization.⁠[20][20]

On August 5, 2026, Nebius appointed Lindsey IrvineLindsey IrvineLindsey Irvine is a technology marketing executive who has been chief marketing officer of the AI cloud company Nebius since August 2026. She previously led global marketing at Square and served as chief marketing officer of the biotech R&D software company Benchling and of MuleSoft, a Salesforce company.Open the full entry, formerly head of global marketing at Square and chief marketing officer at Benchling and MuleSoft, as chief marketing officer, succeeding Daniel Bounds. On August 24 the company closed an offering of two series of convertible senior notes due 2030 and 2034 with a total principal amount of $5.75 billion, to fund expansion including data center construction.⁠[21][21][21][21][21][22][22]

On September 8, 2026, Palantir named Nebius its preferred sovereign AI infrastructure partner and planned, after an integration period, to bring Nebius compute and inference inside the Palantir enterprise perimeter so that its commercial customers can run their own models. On September 30, chief marketing officer Lindsey Irvine joined executives from Canva and ElevenLabs on a panel at the Runway AIRunwayRunway (Runway AI, Inc.) is a New York–based artificial intelligence company that grew out of the ITP program at New York University’s Tisch School of the Arts in 2018. It develops video generation models and tools for the film, advertising and creative industries, has released the Gen-1 through Gen-4.5 series of models, and has extended its research to “general world models” that simulate the world in real time.Open the full entry Summit in San Francisco about building and commercializing creative AI products.⁠[23][23][24][24][24]

Besides its core AI cloud business, the Nebius group includes Avride, which develops autonomous cars and delivery robots; TripleTen, a tech reskilling platform operating in the US and Latin America; and Nebius Academy, which offers machine learning courses and cloud grants. The company also holds equity stakes in companies including the AI data company Toloka and the open-source database company ClickHouse. As of October 2026 its leadership team included founder and CEO Arkady Volozh and COO Ophir Nave.⁠[6][6][6][6][6][6][6]

Nebius: Official website: https://nebius.com/ (opens in a new window).⁠[6]

X: Public account: https://x.com/nebiusai (opens in a new window)⁠[6]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/nebius (opens in a new window)⁠[6]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Public channel: https://www.youtube.com/@nebiusofficial (opens in a new window)⁠[6]