The predecessor to Nebius Group was Yandex N.V., the Dutch parent company of a Russian technology companyYandex, which began as a search engine in 1997.[7] Yandex N.V. was registered as the Dutch parent company in 2007.[8] In May 2011, Yandex raised $1.3 billion in anIPO on theNASDAQ.[9][10] In February 2022, the company's securities were suspended from trading on the NASDAQ due to international sanctions during the Russian invasion of the Ukraine.[11] In July 2024, Yandex N.V. sold all of its Russian assets to a consortium of Russian investors, retaining several businesses that operated outside of Russia.[12] This restructuring led to the creation of Nebius Group, focusing on infrastructure forartificial intelligence, with approximately over 1,000 former Yandex employees.[13] Yandex N.V. changed its name to Nebius Group N.V.,[14] withArkady Volozh as CEO.[15] In October 2024, Nebius resumed trading on the NASDAQ.[16]
In February 2026, Nebius announced the acquisition of the agentic search company Tavily for around $400 million.[17][18] The same month, the company announced plans to build an AI factory inBirmingham, Alabama. The factory was intended to expand the area's technology and AI industry.[19][20]
Nebius operates servers and data centers[21] and provides cloud infrastructure for AI developers.[22] In December 2024, Nebius raised $700 million through private investors, includingNvidia (which acquired 0.5% of Nebius) andAccel Partners.[5]
