The company intends to regain its full public status now that it's untethered from its Russian assets and is actively working with both the Securities and Exchange Commission (SEC) and Nasdaq to achieve that. Nebius is starting with a couple of billion dollars in capital and plans to build enough capacity to scale initially. The company's 1,300 employees, around 1,000 of them are engineers, mostly transitioning over from the old Yandex business. The company's biggest hub is in Amsterdam, with other locations in Israel, the U.S., and Belgrade.
Key takeaways:
- Nebius, an AI infrastructure business, has emerged from the ashes of Yandex, a multi-billion dollar company once known as the “Google of Russia.”
- Yandex N.V. is adopting the name of one of its few remaining assets, an AI cloud platform called Nebius AI which it birthed last year.
- Nebius is looking to triple the capacity at its current owned facility in Finland, with plans to get it to almost 100 megawatts and also looking to start building out additional data centers across Europe in the coming years.
- Volozh confirmed that the company intends to regain its full unfettered public status now that it’s untethered from its Russian assets, and is actively working with both the Securities and Exchange Commission (SEC) and Nasdaq to achieve that.