Neysa, a provider of AI Acceleration Cloud Systems, has successfully raised $30 million in Series A funding. This round was co-led by Neysa’s existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. Earlier in 2024, Neysa had raised $20 million in a seed funding round, bringing its total funding to $50 million this year.
Launch of Neysa Velocis
Neysa’s flagship platform, Neysa Velocis, was launched in July 2024 and is now generally available to customers. The platform provides on-demand access to high-performance computing infrastructure, which is essential for AI-driven companies. Neysa has already secured orders from various sectors including digital natives, media and entertainment companies, service providers, and the public sector.
Scaling AI Infrastructure
With the new funding, Neysa plans to expand its AI infrastructure, continue research and development, and prepare for the launch of its new Gen AI Acceleration Cloud Service. Neysa’s vision is to make Generative AI and other AI solutions more accessible to organizations across the world. Sharad Sanghi, Co-Founder and CEO of Neysa, expressed excitement about the company’s progress and the validation received from customers across key sectors.
“We are closer to our goal of democratizing AI access for organizations worldwide,” said Sanghi. “Our purpose-built, cost-effective AI-native solutions allow companies to confidently innovate in an AI-driven world.”
Investor Support for Neysa’s Growth
Investors expressed confidence in Neysa’s growth and the impact its AI-native solutions will have on the tech ecosystem. Vab Goel, Founding Partner at NTTVC, praised the Neysa team’s innovation and their commitment to accelerating Generative AI solutions. He noted Sharad Sanghi’s successful track record in building India’s largest data center company as a key advantage in scaling Neysa.
Avnish Bajaj, Founder and Managing Director of Z47, also highlighted the strong demand for Neysa’s AI platform and called it a catalyst for digital transformation.
Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners, added that Neysa’s work in building AI-native compute infrastructure is playing a crucial role in speeding up the adoption of Generative AI by enterprises around the world.
