Nebius Group

Nebius Group N.V.
Nasdaq: NBIS
IndustryTechnology company
HeadquartersAmsterdam
Key people
John Boynton, Chairman
Arkady Volozh, CEO
Revenue
  • Increase US$43.3 million (Q3 2024)
  • Increase -US$77.6 million (Q3 2024)
  • Increase -US$47.3 million (Q3 2024)
Total assets
  • Increase US$3.005 billion (September 30, 2024)
Total equity
  • Decrease US$2.873 billion (September 30, 2024)
SubsidiariesNebius.AI
Toloka
Avride
TripleTen
Websitegroup.nebius.com
Footnotes / references
[1][2]

Nebius Group N.V., headquartered in Amsterdam, is a holding company that owns Nebius.AI, Toloka, Avride, and TripleTen.[1] It also owns a data center in Mäntsälä, Finland, and has minority stakes in other technology companies.[1] The company is focused on infrastructure for artificial intelligence applications.[3][4]

The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex. In July 2024, due to international sanctions during the Russian invasion of Ukraine, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group.

  1. ^ a b c "Nebius Group N.V. announces third quarter 2024 financial results". U.S. Securities and Exchange Commission. October 31, 2024.
  2. ^ Varghese, Harshita Mary (October 31, 2024). "Nebius Group's quarterly revenue surges on strong AI demand". Reuters.
  3. ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". TNW.
  4. ^ Sawers, Paul (July 21, 2024). "From Yandex's ashes comes Nebius, a 'startup' with plans to be a European AI compute leader". TechCrunch.