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Decoding Neysa’s Series A round, valuation and shareholding pattern

EntrackrEntrackr · 4m ago
Decoding Neysa’s Series A round, valuation and shareholding pattern
Medial

Generative AI startup Neysa raised $30 million in its Series A round led by NTT Venture Capital with the participation of Nexus Venture Partners, Z47, and others. The Neysa’s board has allotted 1,11,532 Series A compulsory convertible preference shares at an issue price of Rs 20,430 and also allotted 12,592 equity shares to collectively raise Rs 252 crore or $30 million, according to its regulatory filing accessed from Registrar of Companies (RoC). NTT Ventures led the round with Rs 75.67 crore or $8.9 million, followed by Nexus Venture Partners and Z47 (formerly Matrix Partners India), each contributing Rs 67.26 crore ($7.9 million). Anchorage Capital invested Rs 16.8 crore, while Sharad Sanghi also allotted Rs 25.22 crore worth of equity shares. The new capital will help Neysa scale its AI infrastructure, enhance research and development, and prepare for the launch of its Gen AI acceleration cloud service. According to Entrackr’s estimates, the company will be valued at around Rs 1,090 crore or $128 million (post-allotment). Neysa is an AI cloud and platform-as-a-service (PaaS) startup that enables users to manage and scale Generative AI projects in the cloud. Its offerings include Nebula, a platform for deploying and scaling AI workloads; Palvera, which streamlines network intelligence; and Aegis, designed to secure AI/ML ecosystems against emerging threats. Mumbai-based startup Neysa has raised $50 million to date, including its $20 million seed round. According to startup data intelligence platform TheKredible, Nexus Venture Partners and Z47 are the largest external shareholders in the company, each holding a 16.22% stake, with NTT VC and Anchorage Capital holding 14.83% and 4.32% respectively. The company’s founders, Sharad Sanghi and Aninya Das, collectively own a 43.09% stake. Neysa has not reported any operating revenue till FY24 but earned interest income from fixed deposits with banks and security deposits amounting to Rs 13.87 lakhs during the fiscal year ending March 2024. The company incurred a net loss of Rs 3.1 crore in the same period.

Google to invest $10 Bn in Visakhapatnam data centre cluster

EntrackrEntrackr · 1h ago
Google to invest $10 Bn in Visakhapatnam data centre cluster
Medial

Google is planning a massive push in India by investing $10 billion to build a new data centre cluster in and around Visakhapatnam. The project will include three campuses in nearby villages such as Adavivaram, Tarluvada, and Rambilli, and will have a total power capacity of 1 gigawatt. Key infrastructure steps include laying three submarine cables, building cable landing stations, and deploying high-capacity fiber and telecom networks. Google aims to make these centres fully operational by July 2028. The deal is expected to be formalized when top Google executives meet with Andhra Pradesh’s IT and Electronics Minister Nara Lokesh in New Delhi on October 14. This will likely be the largest-ever direct investment by Google in India’s digital infrastructure. Earlier, Google had signed a memorandum of understanding with the Andhra Pradesh government in December 2024, soon after a change in state leadership. The state government is also pushing to amend laws and issues related to data to make it easier for such large digital projects to proceed. Visakhapatnam’s data centre cluster will be part of India’s first AI Infrastructure Hub, a zone meant to concentrate cutting-edge digital infrastructure. The aim is to boost advanced research, AI capabilities, and related technology growth in Andhra Pradesh and across India. At present, Google operates data centres in 11 other countries but has no cluster of this scale yet in India.

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