Neysa raises $30 million in a Series A funding round to accelerate to GenAI adoption

Neysa, an AI Acceleration Cloud System provider, today announced it has raised $30 million in a Series A funding round co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners.

The startup aims to accelerate Gen AI innovation for Indian enterprises and the public sector.

What does Neysa do?

Neysa democratizes AI adoption with purpose-built platforms and services for AI-native applications and workloads. Co-founded by industry leaders, the startup empowers businesses to discover, deploy, and scale Gen AI and AI use cases securely and cost-effectively.

The startup's flagship platforms, Neysa Velocis, Neysa Overwatch, and Neysa Aegis, accelerate AI deployment, optimize network performance, and safeguard AI/ML landscapes.

Neysa Velocis, launched in July 2024, enables on-demand access to high-performance computing infrastructure. 

It claims to have secured orders from paying customers across various sectors, including AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector. 

Purpose of fundraising

The new funding will enable Neysa to scale its AI infrastructure, advance research and development, and gear up for the launch of its integrated Gen AI Acceleration Cloud Service, the release notes.

“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.”

Investors comment

“We are excited to co-lead the Series A round and deepen our partnership with Neysa”, said Vab Goel, Founding Partner at NTTVC and Board Member of NTT DATA, Inc.

“The team’s innovation and commitment to accelerating Gen AI solutions are creating a significant impact in the region’s tech ecosystem. We have seen firsthand how Sharad built India’s largest datacenter company from inception. His experience and track record are a critical differentiator in building and scaling the next-generation Gen AI cloud provider.”

Jishnu Bhattacharjee, Managing Director, Nexus Venture Partners noted, "By building out AI-native compute infrastructure and making that easily and securely accessible, Neysa is accelerating the adoption of Generative AI by the enterprises. We are thrilled to double-down on our partnership with Sharad, Andy and team, in their journey of building one of the most advanced AI clouds out of India for the world."