Nebius will acquire AI agent search company Tavily for $275 million, Bloomberg reports.

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Investing.com – According to Bloomberg, cloud computing provider Nebius Group NV has agreed to acquire Tavily for $275 million. Tavily is a software manufacturer that helps AI agents search for the latest information. Following the announcement, Nebius’s stock price rose 1.7% in Tuesday’s trading.

Bloomberg, citing sources familiar with the deal, reported that as part of the transaction, Tavily founder and CEO Rotem Weiss and his team will join the Dutch-based cloud computing company.

Nebius focuses on selling computing power to AI clients, with data centers located in the United States, Europe, and Israel. The company’s clients include Microsoft.

The acquisition of Tavily is part of Nebius’s strategy to expand its service offerings and increase customer revenue.

Roman Chernin, co-founder and Chief Business Officer of Nebius, explained in an interview with Bloomberg that autonomous agents used for transactions, coding, customer service, travel, and other categories require a different kind of search software than traditional web search. These AI agents behave differently from humans using the internet.

Unlike human users who often give up on searches when results are unsatisfactory, AI agents typically request information multiple times while refining prompts. Additionally, large language models (LLMs) supporting AI services often lack the latest information or cannot access company-specific data.

The name Tavily is similar to the Hebrew phrase meaning “bring me,” and the company raised $25 million last year from investors including Insight Partners. Its clients include IBM and Cohere Inc.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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