The Venture Codex Logo

The Venture Codex

Nebius

Gustav Mahlerlaan 300, Amsterdam, North Holland, 1082, Netherlands

Overview

Nebius AI is an AI-centric public cloud platform, launched in late 2023 and specifically crafted to serve AI models from ML training to inferencing at a scale. Our mission is to enable ML practitioners to concentrate on their core job while DevOps, MLOps and infrastructure related tasks are on us. Our goal is to build an ML-specific cloud platform covering the whole ML lifecycle from A to Z: from data preparation and data labeling to ML training and inference.

Total investments
3
Lead investments
1
Investments · 12mo
1
Active investors
1

Sector focus

  • Cloud Infrastructure
  • GPU
  • IaaS
  • PaaS
Visit website

Investment portfolio

  • Avride

    Led · Equity · Oct 2025

    Founded in 2017 and headquartered in Austin, Texas, Avride builds both autonomous passenger vehicles and sidewalk delivery robots on a unified technology stack. The company’s robots have already completed hundreds of thousands of restaurant deliveries in Jersey City, Austin, Dallas, and other locations through an integration with Uber Eats. Avride is now preparing to introduce a robotaxi service on the Uber app in Dallas by the end of 2025, extending its reach from last-mile logistics to passenger mobility. By operating across both domains, Avride leverages cross-domain data to continually refine its AI-based perception, navigation, and control software. The firm maintains global R&D hubs focused on advancing these core systems. New capital is earmarked to scale the autonomous fleet, accelerate product development, and expand into additional U.S. and international markets. Management positions Avride as a catalyst for transforming city transportation for both people and goods.

  • ClickHouse

    Participated · Series C · May 2025

    ClickHouse offers a high-performance, open-source columnar database that powers real-time analytics at massive scale, delivered both as self-managed software and the fully managed ClickHouse Cloud service. The platform emphasizes exceptional query speed, high concurrency, and cost efficiency, making it well-suited for customer-facing products and data-intensive AI systems. The company reports serving more than 3,000 customers on ClickHouse Cloud and achieving over 250 percent year-over-year ARR growth, with users such as Capital One, Sony, Tesla, Meta, and Airwallex. Recent strategic moves include acquiring Langfuse to add large-language-model (LLM) observability capabilities and launching a native, enterprise-grade Postgres service integrated with ClickHouse to unify transactional and analytical workloads. Product enhancements now support data lake formats like Apache Iceberg and Delta Lake, expanded full-text search, and lightweight updates to meet AI-driven application demands. ClickHouse continues global expansion through new partnerships in Japan and with Microsoft Azure, and it has hosted large community events across major tech hubs. The company positions itself as a unified data platform and AI observability layer for modern, real-time applications.

  • Toloka

    Participated · Equity · May 2025

    Toloka operates a platform for developing safe AI products that combines automation with human expertise. The company evolved from a general-use crowdsourcing platform into a provider of PhD-level domain expertise for LLM development and virtual environments for testing AI agents. Its platform manages the efforts of over 200K experts and annotators across 50+ verified knowledge domains, more than 100 countries and over 40 languages. Toloka has served as a data partner for global technology leaders including Anthropic, Amazon, Microsoft, Poolside, Recraft, and Shopify. Led by founder and CEO Olga Megorskaya, the company intends to use new funding to develop hybrid human-AI solutions driven by automation and human expertise. Toloka raised $72M in funding in May 2025.

Team