Generative AI Startup Neysa Raises $30 Million in Series A Funding

Neysa raised $30 million in Series A funding, co-led by NTTVC, Z47, and Nexus Venture Partners.
Neysa launched its flagship platform, Neysa Velocis, in July, offering on-demand access to high-performance computing infrastructure.

Generative AI startup Neysa has raised $30 million in Series A funding, co-led by NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This follows Neysa's successful $20 million seed funding round in April this year, making it one of the few startups to close two rounds within six months.

The newly raised capital will be used to scale Neysa's AI infrastructure, boost research and development, and support the launch of its upcoming Gen AI acceleration cloud service, the company revealed in a press release. Neysa is also strengthening its partnerships with global system integrators, cloud service providers, and AI-focused software providers.

Founded by Sharad Sanghi and Anindya Das, Neysa assists clients in the discovery, planning, deployment, and management of generative AI projects. It aims to provide a cost-effective solution while ensuring security both in the cloud and at the edge, leveraging a consumption-based model.

Since its seed round, Neysa has achieved significant milestones, including the July launch of its flagship platform, Neysa Velocis, which offers on-demand access to high-performance computing infrastructure. The platform is now available to the public, and Neysa has already secured orders from customers in AI, media, services, software, and the public sector.

According to a Nasscom-BCG report, India’s AI market is expected to reach $17-22 billion by 2027, growing at a CAGR of 25-35%. Neysa’s new Series A funding solidifies its position as the top-funded early-stage generative AI startup, ahead of competitors like Sarvam AI, Ema, and Vodex.

Edited by Harshajit Sarmah