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European AI infrastructure company Nebius nabs $700M from Nvidia, Accel, others | TechCrunch

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Nebius announces private placement of 33,333,334 Class A shares at $ 21 per-share.

Announcement comes six weeks after Nebius resumed trading on the Nasdaq following a near three-year hiatus imposed due to sanctions against Russian -affiliated companies.

Nebius plans to offer a “full stack” infrastructure for AI companies spanning data centers, GPUs, and related services.