Neysa, an AI acceleration cloud platform based in Mumbai, has successfully secured over $1.2 billion in funding, led by private equity funds associated with Blackstone and several co-investors. This funding comprises $600 million in equity capital, with the intention to raise an additional $600 million in debt financing. This achievement ranks among the largest capital raises in India’s AI infrastructure sector. Participating in this funding round are other equity investors, including Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. The newly acquired funds are designated for expanding Neysa’s AI infrastructure, specifically the deployment of over 20,000 GPUs throughout the nation.
Before this funding round, Neysa had already garnered $20 million in seed funding at the beginning of 2024, followed by a $30 million Series A round in October 2024, with contributions from Nexus Venture Partners, NTT Venture Capital, Z47 (formerly Matrix Partners India), and Anchorage Capital. Although Neysa has not disclosed its current valuation, a report from ET suggests it is around $1.4 billion. This indicates an almost 11-fold increase from the $128 million valuation during the Series A round, according to estimates from Startup Superb. Neysa has now also attained the status of the second unicorn of 2026, following Juspay, which surpassed a $1 billion valuation after a $50 million funding round led by WestBridge in January.
Established in 2023, Neysa develops and operates AI systems within India, providing GPU-based infrastructure to facilitate the training, fine-tuning, and deployment of AI workloads. The company caters to enterprises and government bodies across various sectors, including financial services, technology, healthcare, and public services. Neysa positions itself as a cloud provider for AI acceleration, concentrating on sovereign compute, data assurance, and production-grade AI infrastructure. Its platform equips enterprises, hyperscalers, and AI labs to securely and cost-effectively deploy AI workloads within India, aligning with the larger goals of the IndiaAI Mission.
As of the Series A round, Nexus Venture Partners and Z47 were the primary external shareholders, each possessing a 16.22% stake. The founders, Sharad Sanghi and Aninya Das, collectively held a 43.09% stake in the company. It will be intriguing to observe how Neysa’s cap table evolves following the latest investment from Blackstone.
