AI cloud startup Neysa has secured $30 million in Series A funding, with participation from its existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. The Mumbai-based company, founded in 2023 by Sharad Sanghi and Anindya Das, aims to push forward generative AI (Gen AI) innovation for Indian enterprises and the public sector. The new funding will be used to expand the company’s AI infrastructure, advance research and development, and launch its 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.”
Neysa’s Flagship Platform and Vision
Neysa, founded by Sanghi and Anindya Das, provides a suite of generative AI platforms and services that enable businesses to plan, deploy, and manage their AI projects securely across cloud and edge environments. The company’s flagship platform, Neysa Velocis, was launched in July 2024 and is now available for general use. The platform offers on-demand access to high-performance computing infrastructure, already securing orders from customers in sectors such as AI-driven digital businesses, media and entertainment, service providers, software vendors, and the public sector.
Neysa’s Series A funding was first revealed by Sanghi at the 15th edition of TechSparks 2024, YourStory’s flagship conference. The company’s mission to democratize AI and create cost-effective, AI-native solutions has already drawn significant interest and demand across key industries.
Support from Investors
The Series A funding round has strengthened Neysa’s partnership with its investors. Vab Goel, Founding Partner at NTTVC and Board Member of NTT DATA, Inc., said, “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.”
Avnish Bajaj, Founder and Managing Director of Z47, highlighted Neysa’s market position, saying, “Neysa finds itself in the enviable position of having more demand than any other company I have seen at a similar stage. The company is not just an AI provider but a catalyst for digital transformation. We’re privileged to support their journey in empowering organizations to harness the full potential of AI with their world-class technology platform and capabilities.”
Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners, emphasized the company’s role in accelerating AI adoption, stating, “By building AI-native compute infrastructure and making it easily and securely accessible, Neysa is accelerating the adoption of Generative AI by enterprises. We are thrilled to double down on our partnership with Sharad, Andy, and the team, in their journey of building one of the most advanced AI clouds out of India for the world.”
Expanding Partnerships and Scaling Technology
In addition to scaling its technology, Neysa is deepening its collaborations with global system integrators, cloud service providers, and AI-centric software companies. These partnerships aim to further Neysa’s mission of democratizing AI and bridging the digital divide by providing cost-effective and secure AI solutions to organizations worldwide.
Neysa’s focus on innovation and its ability to meet the growing demand for generative AI solutions position it as a key player in the global AI landscape. With its AI-native platforms and cloud services, the company is set to play a pivotal role in reshaping the future of AI-driven digital transformation for enterprises in India and beyond.
