Nebius Group Secures $1 Billion in Convertible Notes for AI Cloud Expansion

Nebius Group, a full-stack AI infrastructure company headquartered in Amsterdam and listed on Nasdaq, has successfully raised $1 billion in convertible notes. This significant funding round will fuel the company's continued growth and expansion of its AI-centric cloud platform, designed to handle intensive AI/ML workloads. Nebius offers a comprehensive suite of services, including large-scale GPU clusters, an AI-native cloud platform, and developer tools, catering to the booming global AI industry.

The funding will primarily be used to acquire additional computing power, expand its data center footprint, and support general corporate purposes. This investment follows a previous $700 million equity financing round in December 2024, demonstrating strong investor confidence in Nebius's vision and market position.

Nebius's founder and CEO, Arkady Volozh, highlighted the company's ambitious growth targets, aiming for mid-single-digit billions of dollars in revenue within a few years. The company also holds equity stakes in other businesses, such as ClickHouse and Toloka, which could contribute to future funding needs.

The substantial investment underscores the growing demand for robust AI infrastructure and positions Nebius as a key player in the rapidly evolving AI landscape. The company's global presence, with R&D hubs across Europe, North America, and Israel, further solidifies its strategic advantage.