Neysa, a Mumbai, India-based startup that provides AI cloud solutions, has raised $30 million in Series A funding.
Investors
The round was co-led by existing investors NTTVC, Z47, and Nexus Venture Partners.
NTT Venture Capital (NTTVC) is a venture capital firm that focuses on investments in early-stage and growth startup companies. The firm invests across sectors and partners with founders from the initial inspiration through the full expression of their vision.
Z47 (formerly Matrix Partners India) is a venture capital firm founded in 2006 based in Bengaluru, India. Z47 invests in technology startups that target the Indian consumer and global enterprise markets.
Nexus Venture Partners is a venture capital firm that invests in product-first companies led by exceptional founders. With $2.6 billion under management, the firm partners with founders at the inception, seed, or Series A stages and actively engages throughout the company lifecycle. Nexus primarily focuses on enterprise software companies in the U.S. and digitally enabled businesses in India.
Neysa Use of Funds
The company is utilizing the funds to expand its AI infrastructure, enhance R&D, and prepare for the launch of its gen AI acceleration cloud service.
About Neysa
Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa offers a suite of platforms and services designed to help businesses effectively plan, deploy, and manage their AI projects. The company's flagship platform, Neysa Velocis, launched in July 2024, provides on-demand access to high-performance computing infrastructure tailored for AI workloads. Neysa is committed to enabling AI-led innovation across industries.
Funding Details
Company: Neysa Networks Pvt. Ltd.
Raised: $30.0M
Round: Series A
Funding Date: October 2024
Lead Investors: NTTVC, Z47, Nexus Venture Partners
Additional Investors:
Company Website: https://neysa.ai/
Software Category: AI Cloud Solutions
Source: https://yourstory.com/2024/10/funding-neysa-30-million-series-a-nttvc-z47-nexus-venture-partners