Neysa

Neysa Raises $30 Million in Series A - October 21, 2024

Executive Summary

Neysa is an AI acceleration cloud platform providing GPU infrastructure and deployment solutions for enterprises building and scaling AI applications, with focus on the Indian and Asia-Pacific markets.

Funding Amount: $30 Million

Valuation: Undisclosed

Round Type: Series A

Announced: October 21, 2024

Headquarters: Bangalore, India

Category: AI Infrastructure - Cloud Computing

About Neysa

Neysa was founded in 2023 and is headquartered in Bangalore, India.

Neysa is an AI acceleration cloud platform providing GPU infrastructure and deployment solutions for enterprises building and scaling AI applications, with focus on the Indian and Asia-Pacific markets.

Funding Round Details

Investment Amount

Neysa successfully raised $30 Million in this Series A funding round.

Lead Investors & Participants

NTTVC (Co-Lead Investor): NTT Venture Capital, the investment arm of Japanese telecom giant NTT

Z47 (formerly Matrix Partners India) (Co-Lead Investor): Leading India-focused venture capital firm co-leading the Series A

Nexus Venture Partners (Co-Lead Investor): India and US-focused venture capital firm

Use of Funds

The $30 million will expand Neysa's GPU infrastructure capacity, build out data center presence across India and APAC, develop enterprise AI deployment tools, and scale the engineering team to support growing demand for AI cloud infrastructure.

Key Metrics & Achievements

• Founded in 2023 by Sharad Sanghi (former Netmagic CEO)
• Focus on Indian and Asia-Pacific AI infrastructure market
• Provides GPU-accelerated cloud infrastructure
• Enables enterprise AI model training and deployment
• Strategic partnerships with hyperscalers
• Competing in rapidly growing AI infrastructure market
• Addressing India's AI infrastructure gap

Business Model

Neysa operates on a cloud infrastructure-as-a-service (IaaS) model, providing enterprises with on-demand access to GPU computing resources for AI workloads. Revenue comes from hourly/monthly GPU compute usage, managed services for AI model deployment, and enterprise contracts. The platform targets Indian and APAC companies building AI applications.

Market Opportunity & Competition

Neysa competes in the AI cloud infrastructure market with global players like AWS (SageMaker), Google Cloud (Vertex AI), Azure (ML), and specialized AI clouds like CoreWeave and Lambda Labs. The company differentiates through regional presence in India/APAC, understanding of local enterprise needs, and competitive pricing. India's AI market is expected to grow rapidly as adoption accelerates.

This fundraising report was announced on October 21, 2024 and represents verified data from TechCrunch, Crunchbase, Bloomberg, CoinDesk, PR Newswire, and official company announcements.