AI acceleration cloud system provider Neysa has raised $30 million in its Series A funding round co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India) and Nexus Venture Partners, per an announcement.
The investment follows the startup’s $20-million seed round raised in April this year.
Mumbai-based Neysa, which is the second venture of data centre service provider Netmagic’s founder Sharad Sanghi, is an AI cloud platform company focused on democratising AI adoption through purpose-built solutions designed to accelerate AI deployment at scale.
“This investment brings us closer to our vision of democratising access to Gen AI and AI solutions for organisations across the world,” said Sharad Sanghi, co-founder and CEO of Neysa.
“The general availability of Neysa Velocis and the onboarding of customers across key sectors validate our approach. By offering purpose-built, cost-effective AI-native solutions, we empower organisations to innovate confidently in a world that is being reshaped by AI.”
In addition to scaling its technology, Neysa is strengthening collaborations with global system integrators, cloud service providers, and AI-focused software providers.
Neysa has secured orders from paying customers across various sectors, including AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector, said the company.
Earlier this month, Neysa also appointed Sujit Janardanan as its chief marketing officer. In his new role, Janardanan will oversee Neysa‘s global marketing strategy, focusing on brand development, customer engagement, and strategic partnerships.
