Nebius says "well-funded" for AI race after closing $4.3 billion debt raise
AMSTERDAM, March 22 : Nebius closed a $4.34 billion convertible debt funding round on Monday, with a company executive saying that the European AI infrastructure firm is now "well-funded" to meet its 2026 capital spending plans of $16 billion to 20 billion. The financing caps a month in which Nebius sold $2 billion of share warrants to Nvidia and sealed a deal worth up to $27 billion to supply Facebook-owner Meta with data center capacity, underscoring investor appetite for AI infrastructure.
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