Nebius competes with other cloud startups and plans to extend its presence to the U.S. with a new GPU cluster in Kansas City by 2025. The company also has additional businesses under the Nebius Group umbrella, including an autonomous vehicle company called Avride, a Swiss-based generative AI and LLM company called Toloka, and edtech platform TripleTen. Nebius is focusing on building its cloud infrastructure business and plans to triple its data center capacity in Finland and build more data centers in Europe and the U.S.
Key takeaways:
- Nebius, previously known as Yandex N.V., is a public company that has been trading for 13 years and recently restructured, offloading all its Russian assets and focusing on its AI cloud platform.
- After a halt in trading due to sanctions on Russian-affiliated companies, Nebius was allowed to recommence trading on Nasdaq under its new name and business model.
- Under the Nebius Group umbrella, there are additional businesses including an autonomous vehicle company called Avride, a Swiss-based generative AI and LLM company called Toloka, and edtech platform TripleTen.
- Nebius is expanding its presence in the U.S. with a new GPU cluster in Kansas City scheduled to go live in early 2025 and has opened customer hubs in San Francisco and Dallas, with plans for a third in New York by the end of the year.