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Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding

EntrackrEntrackr · 5d ago
Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding
Medial

Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding Mumbai-based AI acceleration cloud platform Neysa has announced a funding of over $1.2 billion, led by private equity funds affiliated with Blackstone along with multiple co-investors. The transaction includes $600 million in equity capital, while the company plans to raise an additional $600 million in debt financing. This marks one of the largest capital raises in India’s AI infrastructure space. Other equity investors participating in the round include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners. The fresh capital will be used to scale Neysa’s AI infrastructure footprint, including the planned deployment of over 20,000 GPUs across the country. Prior to this round, Neysa had secured $20 million in seed funding in early 2024, followed by a $30 million Series A round in October 2024, backed by Nexus Venture Partners, NTT Venture Capital, Z47 (formerly Matrix Partners India) and Anchorage Capital. While the company did not comment on its valuation, an ET report pegged it at around $1.4 billion. This is a nearly 11x jump compared to the $128 million valuation at the Series A stage, as per Entrackr’s estimates. Neysa has also become the second unicorn of 2026 after Juspay, which crossed a $1 billion valuation following a $50 million funding round led by WestBridge in January. Founded in 2023, Neysa builds and operates AI systems deployed within India, offering GPU-based infrastructure to support the training, fine-tuning and deployment of AI workloads. The company serves enterprises and government institutions across sectors such as financial services, technology, healthcare and public services. Neysa positions itself as an AI acceleration cloud provider focused on sovereign compute, data assurance and production-grade AI infrastructure. Its platform enables enterprises, hyperscalers and AI labs to deploy AI workloads securely and cost-effectively within India, aligning with the broader objectives of the IndiaAI Mission. As of the Series A round, Nexus Venture Partners and Z47 were the largest external shareholders in the company, each holding a 16.22% stake. The company’s founders, Sharad Sanghi and Aninya Das, collectively owned a 43.09% stake. It will be interesting to see Neysa’s cap table structure following the latest deal with Blackstone.

Related News

Gen AI startup Neysa raises $20 Mn from Matrix, Nexus and NTTVC

EntrackrEntrackr · 1y ago
Gen AI startup Neysa raises $20 Mn from Matrix, Nexus and NTTVC
Medial

Neysa, an AI cloud and platform-as-a-service startup, has secured $20 million in seed funding led by Matrix Partners India, Nexus Venture Partners, and NTTVC. The funding will help drive the Generative-AI-cloud platform as a service and observability for India and global markets, the company said in a press release. Co-founded by Sharad Sanghi and Anindya Das (CTO), Neysa aims to help its clients discover, plan, deploy, and manage their Generative AI projects cost effectively and secure their AI landscapes in the cloud and at the edge in a consumption-based model. Neysa says its integrated approach and industry vertical solutions will help accelerate Generative AI adoption in enterprises across India and globally. The Mumbai-based company is planning to roll out its services in Q3 2024. “Our goal is to leverage this funding to push the limits of innovation, assisting our clients with the power of our end-to-end Generative AI PaaS ecosystem and our AI-engineered Observability Platform, in a way that provides demonstrable and tangible outcomes for their business,” said Neysa founder and CEO Sanghi. CTO Das added that the firm is building a future where AI integration is seamless, intuitive, and fundamentally changes the way we interact with technology. Following the popularity of ChatGPT and several other generative AI platforms, VCs are now shifting their focus to this new space. This is also evident from the steady growth in VC fundings, especially in the early stage firms, over the past few months. In December 2023, Sarvam AI raised $41 million in a Series A round led by Lightspeed while Ema scooped up $25 million which is the second largest funding for an early-stage startup operating in this space. Another company operating in this segment, Vodex raised $2 million in its seed round from Unicorn India Ventures and Pentathlon Ventures. Earlier this year, Bhavish Aggarwal’s artificial intelligence startup Krutrim SI Designs scooped up $50 million to achieve the unicorn tag, and also became the fastest one to do so. Entrackr was first to report about the funding round in August last year.

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