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Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate of investors including Nvidia Corp. and Accel Partners LP.

AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia , Accel and some accounts managed by Orbis Investments.

Nvidia supports Nebius's AI expansion, driving mutual growth as Nvidia's stock rebounds with a 25% six-month surge

Nvidia (NVDA), along with other investors are looking to invest in the $700M private placement financing round by Nebius (NASDAQ:NBIS). Shares in NBIS rose 15% in premarket trade. Nebius added the financing also includes the participation from Accel,

Nebius, the artificial intelligence infrastructure group that was formed from Yandex’s operations outside Russia earlier this year, has raised $700mn from investors including chipmaker Nvidia to capitalise on exploding demand for AI data centres.

Nebius Group, an artificial intelligence (AI) infrastructure company, has recently announced that it has raised $700 million in a private funding round led by Nvidia, venture capital firm Accel, and accounts managed by Orbis Investments,

LONDON (Reuters) - AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia, Accel and some accounts managed by Orbis Investments.