AI cloud infrastructure startup Neysa has entered into a definitive agreement with US-based Blackstone for a $600 Mn (about ₹5,443 Cr) funding that will see participation from other co-investors, including Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners On the back of this agreement, Neysa intends to raise another $600 Mn through debt financing, taking the total round amount to a possible $1.2 Bn (about ₹10,800 Cr) – the highest ever by an AI startup in India. Through the deal, Neysa has secured an enterprise valuation of $1.4 billion, ET reported citing sources. The Mumbai-based startup plans to utilise the funds toward its goal of deploying over 20,000 graphics processing units (GPU) in the country. Neysa provides GPU-led cloud and AI infrastructure solutions to Indian companies that enables them to train, customise and deploy AI workloads. Its client base includes companies in sectors such as financial services, healthcare, and public services, along with technology-led startups. Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa has raised $50 Mn in funding till date from investors like Z47, Nexus Venture Partners and NTT Venture Capital, which co-led its $30 Mn Series A round completed in 2024. It… Read MoreInc42 Media
