October 22, 2024: Neysa, an emerging player in the generative AI space, has successfully closed a $30 million Series A funding round. With this fresh capital infusion the company aims to enhance AI infrastructure and accelerate research and development efforts, paving the way for its upcoming Gen AI Acceleration Cloud Service.
Co-founder and CEO Sharad Sanghi expressed his excitement about the investment, stating, “This funding is a significant leap towards our vision of democratizing access to generative AI. Our recent progress and the strong interest from various sectors affirm our strategy. With our tailored, cost-effective AI solutions, we aim to empower businesses to innovate confidently in an AI-driven landscape.”
Neysa, launched in 2023 by Sharad Sanghi and co-founder Anindya Das, focuses on providing generative AI platforms and services that enable organizations to efficiently plan, deploy, and manage AI projects while ensuring robust security across both cloud and edge environments. The flagship platform, Neysa Velocis, which became generally available in July 2024, has already attracted clients from diverse industries, including media, entertainment, and public services.
Neysa accelerating generative AI solutions
Vab Goel, Founding Partner at NTTVC, highlighted generative AI firm’s innovative approach, stating, “We are excited to deepen our partnership with Neysa. Their commitment to accelerating generative AI solutions is making a meaningful impact in the tech ecosystem.”
The company’s vision extends beyond technology, aiming to bridge the digital divide by forging collaborations with global system integrators and cloud service providers. Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners, emphasized the importance of Neysa’s infrastructure in facilitating generative AI adoption, saying, “By building secure and accessible AI-native compute infrastructure, Neysa is leading the charge in transforming enterprise capabilities.”
With this fresh funding, Neysa is poised not only to expand its technological offerings but also to reinforce its position as a catalyst for digital transformation, setting a new standard for AI accessibility in the enterprise sector.
The funding was co-led by notable investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners.
