Nebius has raised $700 million in financing to fuel its U.S. expansion, highlighting partnerships with major investors like Nvidia for robust AI infrastructure.
CEO Arkady Volozh emphasized the importance of the funding, stating, 'This capital allows us to accelerate our growth strategy and solidify our position in the U.S. AI market.'
By leveraging a hybrid infrastructure strategy with shared data centers and greenfield sites, Nebius aims to effectively build its AI services footprint amidst fierce competition.
The company's resurgence, post-sanctions and a name change from Yandex, marks a renewed focus, bringing innovative AI solutions to markets with significant investment backing.
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