Nebius secures $700 million investment to support U.S. expansion

According to TechCrunch, European AI infrastructure company Nebius (formerly Yandex N.V.) has successfully raised $700 million to fuel its expansion in the U.S. market. While not all the names of investors have been released, the company revealed three major investors: existing partner and GPU maker Nvidia, Silicon Valley venture capital firm Accel, and asset management company Orbis.