The company this week announced that it has entered into definitive agreements for a $700 million private placement financing from a group of institutional and accredited investors, including participation from private equity firm Accel, Nvidia, and certain accounts managed by Orbis Investments.

The funding is expected to aid Nebius in expanding the clusters of GPUs, cloud platforms and other tools for AI developers.

AI infrastructure firm Nebius Group has secured $700 million in a private funding round led by investors such as Nvidia, Accel, and Orbis Investments. The financing marks a critical milestone for the company,

Nebius Group is raising $700 million in a private placement from investors, including Nvidia, to build the infrastructure underpinning AI.

Nebius, the publicly traded European AI infrastructure company formerly known as Yandex N.V., has raised $700 million to fuel its U.S. expansion. The financing came from "dozens of very well-known investors,

AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia , Accel and some accounts managed by Orbis Investments.

AI infrastructure player Nebius Group is raising $700 million through a private placement from a group of investors that includes Nvidia. Nebius stock jumped on the news. The Netherlands-based Nebius Group said in a news release that the funding will support additional capacity for its plan to offer cloud-based computing power for training and running AI models.