Indian AI cloud platform Neysa is set to receive $1.2 billion from private equity firm Blackstone and other investors. The funding includes $600 million in equity and plans for $600 million in debt.
Founded in 2023 by Sharad Sanghi, Neysa provides GPU‑based AI infrastructure for enterprises, government bodies, and research labs. The new capital will help expand its GPU network across India, supporting AI development while ensuring data sovereignty.
Participating investors include Teachers’ Venture Growth, TVS Capital Funds, 360 ONE Assets, and Nexus Venture Partners. Blackstone will become the majority shareholder once the deal closes.
The funding strengthens India’s AI ecosystem, enabling local organisations to train and deploy AI models domestically. Neysa plans to scale its GPU capacity significantly, serving startups, hyperscalers, and large enterprises more efficiently.
Sanghi said the move aligns with India’s broader AI goals, offering secure, cost-effective compute solutions. Blackstone views the investment as part of its strategy to back critical digital infrastructure in growing AI markets.
Prior to this round, Neysa had raised around $50 million from early investors including Matrix Partners India and Nexus Venture Partners.
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