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Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal
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Amsterdam-headquartered Nebius, which builds full-stack AI infrastructure for tech firms, has secured $700mn in a private equity deal led by Nvidia, Accel, and asset manager Orbis. The funding comes in the form of a private placement — when a company sells stocks directly to a private investor instead of on the public market. The deal will see Nebius issue 33.3 million Class A shares at $21 apiece. Nebius, which is the rebranded European arm of “Russia’s Google,” Yandex, is investing more than $1bn across Europe by mid-2025 as it seeks to cash in on booming demand for AI computing power.…
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