Neysa, a pioneering AI Acceleration Cloud System provider, has successfully raised $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This latest investment follows Neysa’s earlier $20 million seed round this year, showcasing strong investor confidence in its mission to accelerate generative AI innovation for Indian enterprises and the public sector.
Since its seed funding, Neysa has made significant advancements in technology and market presence. The flagship platform, Neysa Velocis, launched in July 2024, is now available for on-demand access to high-performance computing infrastructure. Neysa has secured orders from various sectors, including AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector. This traction emphasizes the rising demand for scalable AI-native solutions and Neysa’s capacity to meet diverse industry needs.
With AI demand in India projected to triple to $22 billion by 2027, Neysa is strategically positioned to address the growing need for scalable AI solutions. Over 60% of Indian enterprises are currently exploring AI applications, supported by the country’s second-largest AI talent pool globally. Despite this potential, access to purpose-built AI-native infrastructure remains a challenge. Neysa aims to bridge this gap by providing localized, scalable AI infrastructure.
The new funding will facilitate the scaling of Neysa’s AI infrastructure, advance research and development, and support the launch of its integrated Gen AI Acceleration Cloud Service. “This investment brings us closer to our vision of democratizing access to Gen AI and AI solutions for organizations across the world,” said Sharad Sanghi, Co-Founder and CEO of Neysa. “We’re thrilled with the progress we’ve made since our seed round. The general availability of Neysa Velocis and the onboarding of customers across key sectors validate our approach. By offering purpose-built, cost-effective AI-native solutions, we empower organizations to innovate confidently in a world that is being reshaped by AI.”
Vab Goel, Founding Partner at NTTVC, expressed, “We are excited to co-lead the Series A round and deepen our partnership with Neysa. The team’s innovation and commitment to accelerating Gen AI solutions are creating a significant impact in the region’s tech ecosystem. Sharad’s experience in building India’s largest datacenter company is a critical differentiator for scaling the next-generation Gen AI cloud provider.”
Avnish Bajaj, Founder and Managing Director of Z47, added, “Neysa finds itself in the enviable position of having more demand than any other company I have seen at a similar stage. They are a catalyst for digital transformation, not just an AI provider. We’re privileged to support their journey in empowering organizations to harness the full potential of AI with their world-class technology platform.”
Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners, noted, “Neysa is accelerating the adoption of Generative AI by building out AI-native compute infrastructure and making it easily accessible. We are thrilled to deepen our partnership with Sharad and the team in their mission to build one of the most advanced AI clouds out of India for the world.”
Neysa’s mission focuses on making AI accessible for businesses, simplifying complexity, and unlocking innovation and growth. Their “Power of More” approach emphasizes delivering added value, while “Leading the Change” reflects their role in driving AI-led digital transformation in emerging markets.
In addition to scaling its technology, Neysa is strengthening collaborations with global system integrators, cloud service providers, and AI-focused software providers. These partnerships will help advance its mission to democratize AI and bridge the digital divide. Through participation in government initiatives and industry collaborations, Neysa is shaping the discourse on AI adoption and innovation.