Nevius, a European-based artificial intelligence (AI) cloud company, has begun targeting the U.S. market in earnest by attracting large-scale investments.
TechCrunch reported on the 2nd (local time) that Nevius raised about $700 million (about 1 trillion won) from major investors equivalent to NVIDIA, Accel, and Orbis. This funding was secured by issuing 33.3 million shares at $21 (about 30,000 won) per share through private equity funds.
Nevius plans to significantly strengthen its cloud computing capabilities for AI model training and execution through this investment. Particularly, the corporate plans to speed up its expansion into the worldwide market by tripling the computing throughput of its data center positioned in Menchele, southern Finland, and establishing a brand new GPU cluster in Kansas City, USA.
Nevius, headquartered within the Netherlands, provides AI cloud infrastructure and is a Nasdaq-listed company. We’re constructing AI-related infrastructure, including data centers and GPUs, centered around our own data center in Finland.
Nevius was a part of Yandex, which was called ‘Russia’s Google’, but trading on Nasdaq has been suspended for the past three years as a part of sanctions against Russian-affiliated firms following Russia’s invasion of Ukraine. Nonetheless, last July, Yandex separated its Russian and overseas assets and was reborn as an independent company. Because of this, trading on the Recent York Stock Exchange resumed in October, and it has now established itself as a totally independent global AI company.
Arkady Volozh Nevius CEO expressed confidence, saying, “Technology and capital are two key elements in our business. We’re confident within the technological aspect and can have the opportunity to secure sufficient capital.”
Nevius believes that NVIDIA’s investment will likely be an incredible assist in expanding computing infrastructure within the European and American markets. An identical case is Coreweave, which emerged as a significant cloud service provider in only one yr.
Reporter Park Chan cpark@aitimes.com
