AI Acceleration Cloud System provider Neysa announced it has raised $30 million in Series A funding. This funding round was co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This funding builds on Neysa’s $20 million seed round earlier this year, emphasizing strong investor confidence in the company’s mission to accelerate Gen AI innovation, for Indian enterprises and public sector.
Since the seed funding round, Neysa made significant strides in advancing its technology and market presence. And the company’s flagship platform Neysa Velocis (launched in July 2024), which enables on-demand access to high-performance computing infrastructure is now generally available. Neysa has also secured orders from paying customers across various sectors, such as AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector.
Neysa is strengthening collaborations with global system integrators, cloud service providers, and AI-focused software providers. And these alliances will help advance its mission to democratize AI and bridge the digital divide. Through participation in government initiatives and industry collaborations, Neysa is shaping public discourse on AI adoption and innovation.
KEY QUOTES:
“This investment brings us closer to our vision of democratizing access to Gen AI and AI solutions for organizations across the world. 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.”
-Sharad Sanghi, Co-Founder and CEO of Neysa
“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. 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.”
-Vab Goel, Founding Partner at NTTVC and Board Member of NTT DATA
“Sharad, Andy and Neysa team’s remarkable progress in a short period of time has been inspiring. Neysa finds itself in the enviable position of having more demand than any other company, I have seen at a similar stage and is a catalyst for digital transformation not just an AI provider. We’re privileged to support the company’s journey in empowering organizations to harness the full potential of AI with their world class AI technology platform and capabilities.”
-Avnish Bajaj, Founder and Managing Director, Z47
“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.”
-Jishnu Bhattacharjee, Managing Director, Nexus Venture Partners
