Nvidia-backed Nebius has announced the acquisition of $1b in convertible debt financing to expand its global AI infrastructure, with a particular focus on Asia. The funding, structured in two tranches of $500m each, is intended to accelerate Nebius’ efforts to meet the increasing demand for high-performance AI infrastructure worldwide.
This latest financial boost follows Nebius’ $700m equity financing in December 2024, which was supported by strategic investors including Nvidia. The new capital will enable Nebius to fast-track deployments and unlock significant revenue opportunities in 2026, moving closer to its goal of generating mid-single-digit billions in high-margin revenue.
Nebius is focusing on Asia, particularly Singapore, as a key growth area. The company plans to capitalise on the region’s growing demand for high-performance computing, aligning with Singapore’s Smart Nation goals and AI adoption across various sectors. Nebius is committed to making cutting-edge AI capabilities more accessible, investing in local partnerships, and developing the ecosystem.
As Nebius scales its data centre footprint, it aims to address the region’s diverse readiness levels, industry needs, and evolving data sovereignty and localisation requirements. This expansion underscores the investment community’s strong belief in Nebius’ vision and growth potential.