Nebius Group N.V. (NBIS) is a high-growth AI infrastructure play (a "picks and shovels" bet on the AI industry) that has undergone a massive transformation from the European holding structure of former Yandex into a global, independent AI cloud provider.
Nebius is building a vertically integrated cloud infrastructure tailored for compute-heavy machine learning tasks, large language model (LLM) training, and inference.
Key Partners:
• NVIDIA: Strategic technology and hardware partner. Nebius holds NVIDIA Exemplar Cloud Partner status, which guarantees priority allocations of high-demand GPU architectures.
• Infrastructure Vendors: Supermicro, as well as suppliers of InfiniBand/Ethernet networking gear and modular data center power systems.
• Software Ecosystem Partners: CrowdStrike, Datadog, DataRobot.
Long-term Contracts and Client Base:
The company’s contracted revenue backlog exceeds $40B:
• Microsoft and Meta Platforms: The largest anchor clients, with combined contracts exceeding $30B.
• Strict Take-or-Pay Structure: Contracts are structured on a strict take-or-pay basis, meaning clients are required to pay for compute capacity regardless of actual usage, backed by billions in upfront advances.
• AI Labs and Enterprise Sector: Cohere, Reflection AI, Shopify, along with a growing pool of startups training their own foundational and domain-specific models.
The best of what Yandex had to offer (the team, the expertise, and the tech stack) has migrated to Nebius. So think about it ⌛