Nebius Group Secures $700 Million for AI Expansion

Nebius Group (NBIS) has released an update.

Nebius Group has secured $700 million in strategic equity financing from investors including Accel and NVIDIA to bolster its AI infrastructure, aiming for significant revenue growth by 2025. This funding will aid the company’s expansion in key markets and support its innovative AI tools and services. The move underscores Nebius’ commitment to fostering advanced AI technologies while focusing its capital on core business opportunities.

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