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European AI Giant Nebius Seeks $3.75 Billion After Major Meta, Nvidia Partnerships

Tuesday, March 17, 2026 at 7:50 AM

Nebius, Europe's top artificial intelligence infrastructure company, announced plans to secure $3.75 billion through a convertible loan program. The funding push comes after the firm landed major deals with Meta worth up to $27 billion and secured a $2 billion investment from Nvidia earlier this month.

Europe’s leading artificial intelligence infrastructure company, Nebius, announced Tuesday its plans to secure $3.75 billion through a convertible loan program.

This financing effort comes on the heels of significant business developments for Nebius in recent weeks, including securing a contract with Meta valued at up to $27 billion to supply AI computing capabilities, along with obtaining a $2 billion investment from chip giant Nvidia.

According to the company, funds raised through the convertible loan will be directed toward expanding its primary AI cloud services operations.

The rapidly expanding company disclosed its fourth-quarter financial results in February, showing a net loss of $250 million against revenues of $228 million. Nebius projects its revenue will reach an annual rate between $7 billion and $9 billion by year’s end, marking a significant jump from the $1.25 billion recorded at the close of 2025.

Company officials confirmed Monday that their financial projections for 2026 remain unaltered.

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