AI Cloud Provider Nebius Acquires Eigen AI for $615M to Boost AI Chip and Cloud Performance

Cloud computing provider Nebius has agreed to acquire Eigen AI, a Netherlands-based company specializing in chip optimization for AI inference tasks, in a deal valued at $615 million comprising both stock and cash. The strategic acquisition is set to bolster Nebius's suite of offerings by integrating sophisticated software layers that enhance performance and efficiency.

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This latest deal underscores Nebius’s strategy to expand beyond raw compute and into higher-value software layers that improve performance and efficiency. Eigen AI brings expertise in optimizing chips used specifically for running trained models in real-world applications—a process known as AI inference. This capability helps companies reduce latency and operational costs while maximizing hardware utilization. The deal builds on an existing partnership between the two firms, where they collaborated on optimizing open-source models for production environments.

Founded in 2024, Nebius Group N.V. is headquartered in Amsterdam, Netherlands. The company emerged following the restructuring of Yandex’s international assets and now focuses on providing AI cloud infrastructure, including data centers, GPU clusters, and managed services for developers and enterprises. Its platform enables customers to build, train, and deploy AI models at scale, positioning Nebius as a rising “AI hyperscaler” competing with established cloud providers.

As part of its long-term strategy, Nebius aims to blend hardware prowess with advanced software insights. The goal is to offer its customers an end-to-end solution from data centers equipped with GPU clusters up through application-specific optimizations like those pioneered by Eigen. Overall, this latest acquisition highlights intensifying competition in AI infrastructure, where performance efficiency is becoming just as critical as raw computing power.