The company intends to use the proceeds (approximately $3.96 billion in estimated net proceeds) to finance construction and build-out of data centers, procure GPUs and other key components, expand its data-center footprint and develop its full-stack AI cloud, and for general corporate purposes.

Nebius builds platforms that help developers and companies train and run AI models, think everything from crunching big data to launching real-world applications, all backed by a growing network of global data centers.
This latest funding should help it keep up with the rising demand for smarter tech everywhere.