Neysa secures $30M as it challenges global AI leaders
India’s AI infrastructure market is rapidly expanding, and Neysa, a Mumbai-based startup, has just secured $30 million to tap into this growing demand.
Indian AI startup Neysa has raised $30 million in a Series A funding round, aiming to compete with global hyperscalers like AWS and Google Cloud. Led by Sharad Sanghi, Neysa offers AI infrastructure and machine learning platforms, catering to businesses seeking flexibility in AI solutions. The startup focuses on both public cloud and private clusters, differentiating itself by using open-source platforms with no client lock-in.
Neysa plans to use the new funding to enhance its infrastructure, expand research and development, and introduce new products, including a developer platform and inference-as-a-service. Since launching its flagship platform Velocis in July, the Mumbai-based company has grown to 12 paying customers across industries like banking and media, with 70% opting for private clusters. The startup expects to enter global markets in the coming months, with additional funding already in the works.
Neysa’s rise reflects the growing demand for AI infrastructure in India, where the market is projected to reach $17 billion by 2027. With fresh capital and plans for expansion, Neysa is positioning itself as a significant player in the AI space, both in India and abroad.