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.

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,

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. Nebius, which emerged in July following a $5.

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.

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,