Startup profile · funding coverage
Nebius funding, valuation and investors
Nasdaq-listed, Amsterdam-based specialist AI cloud for training, inference and GPU infrastructure.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Not publicly disclosed
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
public
public · Amsterdam, Netherlands
Overview
Nebius Group N.V. (Nasdaq: NBIS) operates a GPU-based cloud platform and managed inference service Nebius Token Factory, combining proprietary software with owned data-center projects and third-party colocation. Its 2026 capital structure includes Nvidia strategic investment, secured GPU debt, convertible notes and customer prepayments.
Management expects prepayments plus contract-backed lending to fund 75–85% of planned $40–45B capex in 2027, a forecast rather than cash received. The Q3 shareholder letter separates $325M of non-recurring partnership revenue from ongoing compute services. Some Microsoft-backed third-party capacity at Vineland, New Jersey was pushed into Q2 2027.
Why Nebius is interesting
Q3 2026 revenue was $980.8M, including a $325M one-time asset-light partnership item. Nebius plans $40–45B in 2027 infrastructure spending but faces delays at a Microsoft-contract New Jersey data center, making cash funding and execution critical.
Product & use cases
Full-stack AI cloud with GPU compute, training, managed inference, storage, and cluster operations; own-site and third-party colocation capacity.
- Training and fine-tuning models on GPU clusters.
- Serving production model inference and AI agents.
Key facts
- Q3 2026: $980.8M revenue (+571% year-on-year), about $325M from a non-recurring asset-light partnership.
- 2027 spending plan of $40–45B, with 75–85% expected to be funded through customer prepayments plus loans against customer contracts.
- Closed a $775M GPU secured facility in July and $5.75B convertible notes in August; entered a $3.5B Citi facility in October.
- New Jersey third-party capacity for Microsoft delayed; own-site execution is a key growth risk.
Competitive landscape
Edge: Integrated data-center engineering, AI systems and software potentially support efficiency and premium contracts, but execution and return on invested capital remain open tests.
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CoreWeave direct
Listed specialized AI cloud with a large financed compute backlog.
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Lambda direct
GPU infrastructure peer using debt backed by deployments.
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Microsoft Azure incumbent
Large full-service cloud competitor and Nebius customer.
Industries
Market / IPO context
Ticker: NBIS (NASDAQ)
IPO status: public
Editorial / static context — not a live quote.
FAQs about Nebius
Practical answers founders, operators, and investors typically search for.
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