Nebius Group N.V. (NBIS)

Nebius Group is a global AI cloud platform that delivers a unified, full-stack AI cloud spanning compute capacity, software and services for training and inference at scale. It designs its own servers, racks and data centers, and builds its own software, to provide GPU compute clusters, storage, managed services and AI/ML tools. The company is headquartered in Amsterdam and listed on Nasdaq, with a significant presence in Europe, the U.S. and other regions. Alongside the Nebius cloud business, the group includes Avride (autonomous vehicles and delivery robots) and TripleTen (an edtech platform reskilling people for tech careers), and holds significant equity stakes in ClickHouse and Toloka, both spun out of the group.

The Nebius platform is organized in layers. The hardware layer covers in-house-designed servers and racks, GPU compute (including NVIDIA GB300 NVL72, GB200 NVL72, HGX B200, HGX B300, HGX H100 and RTX PRO 6000), InfiniBand-connected GPU clusters, and block, file and object storage. The IaaS layer offers on-demand virtual machines and containers, managed Kubernetes, storage and virtual private cloud networking. The MLOps layer includes an app catalogue, serverless training and inference, data operations delivered with Toloka, and orchestration tools such as the open-source Soperator (Slurm-on-Kubernetes). The AIOps layer includes Nebius Token Factory, a token-priced managed inference service launched in November 2025, Model Hub with NVIDIA NIMs, and agentic services following the February 2026 acquisition of Tavily and planned integration of Toloka's Tendem.ai. An enterprise layer provides self-service access, IAM, audit logging, cost controls and certifications such as SOC 2 Type II, HIPAA and ISO 27001. Avride develops autonomous driving technology for ride-hailing and sidewalk delivery robots, with partnerships including Uber, Uber Eats, Grubhub and Hyundai.

Customers range from large enterprises, software vendors, AI-native startups and AI labs to research groups and individual developers, with target verticals including physical AI, healthcare and life sciences, media and entertainment, retail and e-commerce, and financial services. The company sells through direct sales and channel teams backed by pre-sales and technical support. In 2025 and early 2026 it secured long-term, multi-billion dollar contracts with hyperscalers Microsoft and Meta. Avride operates mainly in Austin, Texas, with R&D hubs in Europe, Israel and South Korea.

Nebius builds data centers in four forms: greenfield, brownfield, build-to-suit and co-location. It owns and operates a greenfield data center in Mäntsälä, Finland, with free air cooling and heat recovery, and has a build-to-suit site in Vineland, New Jersey. It also has co-location sites in Kansas City, Paris, Keflavik, London and Israel, and in February 2026 announced nine additional sites across seven locations in Missouri, Alabama, Oklahoma, Minnesota, France, the UK and Israel. The company operates or is in contract across more than 16 locations, with more than 2 GW of contracted power as of February 2026 and about 170 MW of active power at December 31, 2025. It relies on partnerships with NVIDIA and other chipmakers and OEMs, and some third-party storage providers. Competition is noted from hyperscalers, some of which are also customers.