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Neysa

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Neysa
Company typePrivate
IndustryArtificial Intelligence
Founded2023
FounderSharad Sanghi
HeadquartersMumbai, India
Number of locations
2
Area served
Worldwide
Products
  • Neysa Velocis
  • Neysa Aegis
  • Neysa Overwatch
Number of employees
60
Websiteneysa.ai

Neysa (also known as Neysa Networks) is an Indian technology startup that provides a cloud platform for AI acceleration and high-performance computing (HPC) infrastructure services for enterprises developing generative AI (GenAI) and other AI applications[1].The company was founded in 2023 by Sharad Sanghi[2], the former CEO of NTT India, and Anindya Das[3].

Neysa's core offerings include managed GPU cloud[4] and MLOps services, autonomous network monitoring, and AI security solutions[5]. The company gained significant media attention after raising $20 million[6] in a seed funding round in February 2024, followed by a $30 million[7] round in October 2024, bringing its total funding to $50 million[8].

History

[edit]

Neysa was founded in late 2023 by Sharad Sanghi and Anindya Das. Sanghi is a notable figure in the Indian data center[9] and cloud industry, having founded Netmagic Solutions[10], which was acquired by NTT[11] in 2012[12]. He subsequently served as the CEO for NTT's operations in India. Co-founder Anindya Das previously served as the Head of Research & Development at NTT.

The company was established to provide the specialised infrastructure and platforms required for the increasing enterprise adoption of AI[13].

Funding

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Neysa has raised a total of $50 million across two major funding rounds led by Matrix Partners India, Nexus Venture Partners, and NTTVC[14]. Following its October 2024 funding, the company was valued at approximately $130 million and was designated for strengthening its technology stack and expanding its infrastructure.

The details of the funding rounds are outlined below:

Date Funding Round Amount (USD) Lead Investor(s) Other Investors
Feb 2024 Seed $20 Million[15] Matrix Partners India, Nexus Venture Partners NTTVC[16]
Oct 2024 Venture $30 Million[17] NTTVC Matrix Partners India, Nexus Venture Partners

Key people

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  • Sharad Sanghi (Co-founder and CEO): An Indian entrepreneur known for founding Netmagic.[18]
  • Anindya Das (Co-founder and CTO): Previously the Head of Research & Development at NTT.[19]
  • B. V. Jagadeesh (Chairman): A Silicon Valley-based serial entrepreneur and investor.

References

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  1. ^ Florentyna, Anne (2024-10-22). "Neysa Bags $30 Mn To Fuel Its GenAI Adoption". Inc42 Media. Retrieved 2025-06-12.
  2. ^ "Sharad Sanghi ventures into Gen AI with Neysa, secures $20 mn seed funding". Business Line. 2024-04-10. Retrieved 2025-06-12.
  3. ^ Singh, Jagmeet (2024-10-22). "India's Neysa bags $30M to compete with global AI hyperscalers". TechCrunch. Retrieved 2025-06-12.
  4. ^ Kulkarni, Dhruva (2024-11-14). "Small Companies Driving GPU Access in India". Equitypandit. Retrieved 2025-06-12.
  5. ^ Ghosh, Debangana (22 October 2024). "Sharad Sanghi's AI startup Neysa raises $30 mn in Series A from NTTVC, Z47, Nexus Venture Partners". Money Control.{{cite web}}: CS1 maint: url-status (link)
  6. ^ Pandey, Mohit (2024-12-15). "What's the Moat of Neysa in the World of Yotta? | AIM". Analytics India Magazine. Retrieved 2025-06-12.
  7. ^ Rajan, Jessica (2024-10-22). "AI startup Neysa raises $30 million in funding round led by NTTVC, others". The Economic Times. ISSN 0013-0389. Retrieved 2025-06-12.
  8. ^ "Meet the 30 Indian AI Leaders on the Forbes India & Accel Power List". Forbes India. Retrieved 2025-06-12.
  9. ^ "Former Netmagic CEO's new venture secures biggest seed round in over a year". VCCircle. Retrieved 2025-06-12.
  10. ^ "Japan's NTT Communications buys 74% in Netmagic for Rs 900 crore". The Economic Times. 2012-01-26. ISSN 0013-0389. Retrieved 2025-06-12.
  11. ^ "Japan's NTT to fully acquire Netmagic". BusinessLine. 2016-04-15. Retrieved 2025-06-12.
  12. ^ "News January 25, 2012: NTT Com to Acquire 74% Stake in Netmagic Solutions, India's Leading Datacenter Service Provider | docomo business | NTT Communications About Us". www.ntt.com. Retrieved 2025-06-12.
  13. ^ De, Rajneesh (2025-01-16). ""Neysa continues to bridge the AI infrastructure gap for businesses of all sizes in India.": Sharad Sanghi, Co-founder and CEO, Neysa". Retrieved 2025-06-12.
  14. ^ Gupta, Paromita (2024-04-10). "AI Startup Neysa Raises USD 20 Mn from Matrix, Nexus, and NTTVC". Entrepreneur. Retrieved 2025-06-12.
  15. ^ "Neysa $20 Million funding round 2024-04-10". www.fundz.net. Retrieved 2025-06-12.
  16. ^ "NTTVC | Neysa". NTTVC. Retrieved 2025-06-12.
  17. ^ Dargan, James (2024-10-22). "Neysa Secures $30M Series A Funding Co-Led by NTTVC, Z47 & Nexus Venture Partners to Boost Gen AI Adoption". AI Insider. Retrieved 2025-06-12.
  18. ^ "Explained: Why India's Tech Veterans Are Leaving Corporate Giants to Launch AI Startups". Outlook Business. 2025-04-08. Retrieved 2025-06-12.
  19. ^ "AI Cloud And PaaS Start-Up Neysa Secures $20 Million In Seed Funding". Outlook Business. 2024-04-10. Retrieved 2025-06-12.
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