Indian AI Firm Neysa Raises $1.2 Billion
India-based AI company Neysa has secured $1.2 billion (₹10,897 crore) in a recent funding round. The investment is noted as one of the largest AI funding rounds to have occurred globally, signaling significant investor confidence in the sector and the region's technology ecosystem.
- The investment is structured as $600 million in equity capital led by private equity funds affiliated with Blackstone, with plans to raise an additional $600 million in debt financing. - This funding round elevates Neysa to unicorn status with a valuation of approximately $1.4 billion. - Neysa was founded in 2023 by Sharad Sanghi and Anindya Das; Sanghi previously founded Netmagic, one of India's largest data center providers, which was acquired by Japan's NTT in 2012. - The company provides a GPU-as-a-Service platform, allowing enterprises to rent high-performance computing power for training and deploying AI models. - The capital is earmarked for a significant expansion of its AI infrastructure, including the deployment of more than 20,000 GPUs across data centers in India. - Prior to this round, the company had raised $50 million through a $20 million seed round and a $30 million Series A round in 2024. - Key investors participating alongside Blackstone include Teachers' Venture Growth, TVS Capital Funds, 360 ONE Asset, and existing investor Nexus Venture Partners. - Neysa aims to provide a sovereign AI cloud, ensuring data remains within India, which aligns with the government's IndiaAI Mission.
