Nebius participates in ClickHouse Series C; crystallizes value of asset to fund hypergrowth of core AI infrastructure business
Nebius Group (("Nebius" or "the Group", NASDAQ:NBIS), a leading AI infrastructure company, today confirmed its participation in ClickHouse's Series C funding round.
Arkady Volozh, founder and CEO of Nebius, said:
"We are extremely impressed with what Aaron and his team have achieved to date, and believe they are well positioned to continue scaling rapidly and create significant additional value for shareholders.
"We believe our non-core assets will provide us with billions of dollars to invest in our core AI infrastructure business. We expect these non-core businesses to continue to grow significantly, and will look to utilize the stakes as funding sources over time for our core AI infrastructure business.
"This, combined with our access to global capital markets and strong cash position, puts us in a unique position in our sector. We plan to use all these options to support the hypergrowth of our core business, and to meet strong and growing demand.
"We have a clear plan to scale our business to multiple billions of dollars in revenue in the medium term, with strong and sustainable margins, and continue to execute on it successfully."
About Nebius
Nebius is a technology company building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, an AI-native cloud platform, and tools and services for developers. Headquartered in Amsterdam and listed on Nasdaq, the Company has a global footprint with R&D hubs across Europe, North America and Israel.
Nebius Group's core business is an AI cloud platform built from the ground up for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house, Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models.
Nebius Group also operates additional businesses under their own distinctive brands:
- Avride — one of the most experienced teams developing autonomous driving technology for self-driving cars and delivery robots.
- TripleTen — a leading edtech player in the U.S. and certain other markets, re-skilling people for careers in tech;
The Nebius Group also holds equity stakes in other businesses including ClickHouse and Toloka, an AI data solutions business.
To learn more please visit www.nebius.com.
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