European AI infra company Nebius nabs $700M from Nvidia, Accel, others
European AI infrastructure company Nebius raises $700 million from Nvidia, Accel, and others to fuel its U.S. expansion.
Nebius Raises $700M
Nebius is adopting a hybrid approach to growing its footprint, involving a mix of co-location facilities and its own data centers, which is a capital-intensive effort requiring additional funding.
Nebius had previously offered to buy back up to 81 million shares from existing investors, but this offer is no longer warranted as the shares have been trading above the buyback price.
Nebius has revised its financial forecast, expecting to reach an annualized run rate of $750 million to $1 billion by the end of 2025, up from its previous forecast of $500 million to $1 billion.