Nebius Group N.V. (NBIS) Strengthens AI Platform With $275M Tavily Deal

Nebius Group N.V. (NASDAQ:NBIS) is one of the best stocks to buy and hold for the next 6 months. On February 10, Nebius Group NV (NASDAQ:NBIS) reached an agreement to acquire Tavily. With the acquisition, the company gains access to a company that develops software to help artificial intelligence agents search for up-to-date information needed for financial trading and coding.

According to people familiar with the matter, Nebius is to pay $275 million as part of the deal, which will also see Tavily founder and CEO Rotem Weiss join the company. The acquisition will strengthen the company’s efforts to offer software for handling AI workloads while also providing access to open-source models.

Additionally, the acquisition will advance Nebius’ strategy of building a unified platform that enables vertical AI companies and enterprises to build, tune, and run autonomous agents. By leveraging Tavily’s agentic search solution, Nebius will also expand its integrated software stack that developers need to assemble and operate enterprise-grade agentic systems.

“This acquisition brings the search layer directly into our stack, so developers can focus on their applications instead of managing multiple vendors. Our strategy is clear: provide an open platform that serves everyone from startups to the largest enterprises, giving them the tools to own their AI destiny,” Roman Chernin, co-founder and Chief Business Officer of Nebius, said:

Nebius Group N.V. (NASDAQ:NBIS) is focused on building full-stack infrastructure for the artificial intelligence (AI) industry. It provides AI-native cloud computing, large-scale GPU clusters, and developer tools for training and running AI models.

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Disclosure: None. This article is originally published at Insider Monkey.