# Neysa
Neysa (Neysa Networks Pvt. Ltd.) is a Mumbai-based generative AI cloud company founded in 2023 by Sharad Sanghi and Anindya Das, which sells GPU compute capacity and a managed AI platform, the Velocis AI Acceleration Cloud, to enterprises in India; it is active, with private equity funds affiliated with [Blackstone](https://www.edgepedia.org/blackstone) holding a majority stake since February 2026.[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) • [2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms)
| Fact | Detail |
|---|---|
| Founded | 2023, Mumbai, by Sharad Sanghi and Anindya Das[2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) |
| Sector | Generative AI cloud: GPU-as-a-Service plus managed AI platform (Velocis)[3](https://neysa.ai/) |
| Leadership | Sharad Sanghi (co-founder, CEO), Anindya Das (co-founder, CTO), chairman BV Jagdeesh[3](https://neysa.ai/) |
| Largest round | $1.2 billion, February 2026: up to $600M equity plus intended $600M debt, at $1.4 billion enterprise valuation[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) • [2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) |
| Investors | Blackstone (majority), Teachers' Venture Growth, TVS Capital, 360 ONE Asset, Nexus Venture Partners, Z47, NTTVC, NTT, Blume Ventures[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) • [2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) |
| Scale (Feb 2026) | About 1,200 GPUs live (one report says about 2,000), 110 employees, target of more than 20,000 GPUs[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) • [6](https://siliconangle.com/2026/02/16/indias-neysa-raises-1-2b-expand-ai-optimized-cloud-platform/) |
| Status | Active; latest recorded event February 2026[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) |
## History and founding
Neysa is the second venture of Sharad Sanghi, who founded the data-center company Netmagic and served as CEO of Global Data Centres and Cloud Infrastructure (India) after NTT acquired Netmagic; he left NTT in 2023 to start Neysa.[2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) • [5](https://www.forbesindia.com/article/leadership/our-main-competitors-are-not-indian-players-but-hyperscalers-neysa-ceo/2991676/1) His co-founder Anindya Das is a former senior Netmagic executive.[2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) The company's website adds that chairman BV Jagdeesh was part of the team behind Netmagic and that Sanghi was founding CEO of NetScaler, the application-delivery company acquired by Citrix (company claims).[3](https://neysa.ai/)
The company raised a $20 million seed round in early 2024, reported as April 2024 by Sacra and as March 2024 by Sanghi at a September 2024 conference; the precise month differs by account.[10](https://sacra.com/c/neysa/) Its flagship Velocis platform launched in July 2024 and reached general availability with paying customers.[8](https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners) In October 2024 Neysa raised a $30 million Series A co-led by existing investors NTTVC, Z47 (formerly [Matrix Partners India](https://www.edgepedia.org/matrix-partners-india)), and [Nexus Venture Partners](https://www.edgepedia.org/nexus-venture-partners).[8](https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners)
In April 2025 Neysa and NTT DATA signed a tripartite memorandum of understanding with the [Telangana](https://www.edgepedia.org/telangana) government for an [AI data center](https://www.edgepedia.org/ai-data-center) cluster in [Hyderabad](https://www.edgepedia.org/hyderabad): a Rs 105 billion (Rs 10,500 crore), 400 MW facility designed to host 25,000 GPUs.[9](https://yourstory.com/2025/04/ntt-data-neysa-ink-mou-telangana-govt-ai-data-center-cluster)
## Products and technology
Velocis is the company's flagship system, described in its February 2026 press release as an AI Acceleration Cloud covering AI infrastructure, GenAI, and AI use-case performance optimization, and AI/ML security.[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) The offering spans GPU-as-a-Service to a fully managed AI platform-as-a-service, integrating orchestration, cost governance, and enterprise-grade security (company claims).[3](https://neysa.ai/) Mint describes the position precisely: Neysa sits beneath consumer-facing AI, providing GPU-powered data-center capacity plus a platform layer where enterprises run inference, build models in notebooks, use orchestration tools, and integrate third-party applications.[7](https://www.livemint.com/ai/artificial-intelligence/blackstone-neysa-investment-india-ai-future-compute-infrastructure-11771578426661.html)
CEO Sanghi has said Neysa aims to own the full stack, combining GPU-as-a-service with software layers for orchestration, observability, and its live Aegis security platform.[5](https://www.forbesindia.com/article/leadership/our-main-competitors-are-not-indian-players-but-hyperscalers-neysa-ceo/2991676/1) On the hardware side, SiliconANGLE reported that the most advanced accelerator Neysa offered as of February 2026 was Nvidia's H200, which provides 4 petaflops of FP8 performance; Sanghi separately cited the Nvidia Blackwell B300 server with eight GPUs at Rs 45 million (Rs 4.5 crore) each, deployed in thousands, as the dominant cost item.[6](https://siliconangle.com/2026/02/16/indias-neysa-raises-1-2b-expand-ai-optimized-cloud-platform/) • [5](https://www.forbesindia.com/article/leadership/our-main-competitors-are-not-indian-players-but-hyperscalers-neysa-ceo/2991676/1)
## Funding and investors
Neysa's disclosed equity funding before 2026 totalled about $50 million: a $20 million seed in early 2024 and a $30 million Series A in October 2024.[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) • [8](https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners)
**The February 2026 transaction** dwarfed that history. On February 16, 2026, Neysa announced that Blackstone-affiliated funds and co-investors had signed definitive agreements enabling a $1.2 billion capital raise: equity of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation.[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) [The Economic Times](https://www.edgepedia.org/the-economic-times) reported the round at about Rs 108.7 billion (Rs 10,867 crore), described it as the largest-ever funding round in India's AI space, and said it gave Blackstone a majority stake at a $1.4 billion enterprise valuation.[2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) Co-investors named by [TechCrunch](https://www.edgepedia.org/techcrunch) and the Economic Times include Teachers' Venture Growth, TVS Capital, 360 ONE Asset Management, and Nexus Venture Partners, with existing backers Z47, Blume Ventures, and NTT also participating.[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) • [2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms)
Some reports, including YourStory's weekly roundups, described the deal as $600 million. That figure is the equity portion of the same February 2026 transaction, not a separate tranche; the $1.2 billion total includes the intended debt component.[2](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms) No source through September 2026 confirms that the $600 million debt component actually closed.
## Business, customers and traction
By October 2024 Velocis was generally available with paying customers across AI-driven digital natives, media and entertainment, service providers, software vendors, and the public sector; the company's 2026 press release adds financial services, technology, and healthcare customers.[8](https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners) • [1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/)
As of February 2026 the company employed 110 people across Mumbai, Bengaluru, and Chennai and aimed to more than triple its revenue over the following year.[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) TechCrunch reported about 1,200 GPUs live, with a target of more than 20,000 GPUs over time; SiliconANGLE, a day later, reported the platform as powered by about 2,000 GPUs. The two accounts were published one day apart and neither was reconciled.[4](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/) • [6](https://siliconangle.com/2026/02/16/indias-neysa-raises-1-2b-expand-ai-optimized-cloud-platform/) The Hyderabad cluster MoU with NTT DATA and Telangana, if built out, would add capacity for 25,000 GPUs.[9](https://yourstory.com/2025/04/ntt-data-neysa-ink-mou-telangana-govt-ai-data-center-cluster)
## Positioning
Sanghi has said Neysa's main competitors are not Indian players but global hyperscalers.[5](https://www.forbesindia.com/article/leadership/our-main-competitors-are-not-indian-players-but-hyperscalers-neysa-ceo/2991676/1) Sacra, an analytical source rather than independent verification, places Neysa as a full-stack AI cloud on its Velocis GPU infrastructure, distinguishing it from pure-play GPU providers [CoreWeave](https://www.edgepedia.org/coreweave) and Lambda and from specialist Nebius, arguing those rivals compete on GPU availability and pricing but lack Neysa's integrated tooling and reach in the Indian market.[10](https://sacra.com/c/neysa/) The company also frames itself as aligned with the IndiaAI Mission and as the execution layer of sovereign compute in India (company claims).[1](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/) No sourced head-to-head comparison with Indian rivals such as [Sarvam AI](https://www.edgepedia.org/sarvam-ai) or E2E Networks appears in the record.
## References
1. [Neysa press release: $1.2 Billion Capital Raise, Blackstone Funding](https://neysa.ai/press-release/blackstone-leads-funding-of-over-1-billion-dollar-to-neysa/)
2. [The Economic Times: Blackstone leads $600 million raise in AI cloud startup Neysa at $1.4 billion valuation](https://economictimes.indiatimes.com/tech/funding/blackstone-leads-600-million-raise-in-ai-cloud-neysa-at-1-4-billion-enterprise-value/articleshow/128390049.cms)
3. [Neysa company website](https://neysa.ai/)
4. [TechCrunch: Blackstone backs Neysa in up to $1.2B financing](https://techcrunch.com/2026/02/15/blackstone-backs-neysa-in-up-to-1-2b-financing-as-india-pushes-to-build-domestic-ai-compute/)
5. [Forbes India: Our main competitors are not Indian players, but hyperscalers: Neysa CEO](https://www.forbesindia.com/article/leadership/our-main-competitors-are-not-indian-players-but-hyperscalers-neysa-ceo/2991676/1)
6. [SiliconANGLE: India's Neysa raises $1.2B to expand its AI-optimized cloud platform](https://siliconangle.com/2026/02/16/indias-neysa-raises-1-2b-expand-ai-optimized-cloud-platform/)
7. [Mint: Why Blackstone's $1.2 billion bet on Neysa matters for India's AI future](https://www.livemint.com/ai/artificial-intelligence/blackstone-neysa-investment-india-ai-future-compute-infrastructure-11771578426661.html)
8. [YourStory: Neysa bags $30M in Series A funding](https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners)
9. [YourStory: NTT DATA, Neysa ink MoU with Telangana govt for Rs 10,500 Cr AI data centre cluster](https://yourstory.com/2025/04/ntt-data-neysa-ink-mou-telangana-govt-ai-data-center-cluster)
10. [Sacra: Neysa valuation, funding & news](https://sacra.com/c/neysa/)
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*Topic: Encyclopedia › Technology and the built world › Computing and digital systems › Modern AI: foundation models, generative AI, and the AI industry › AI companies, people, and products › AI chips, compute, and infrastructure companies › AI cloud and data-center operators*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license