Neysa AI raises $600M equity led by Blackstone as part of up to $1.2B round

Neysa, a Mumbai-based AI infrastructure startup, confirmed that U.S. private equity company Blackstone is heading up a group of investors who have agreed to provide $600 million in funding. The company also aims to raise an additional $600 million in debt financing. Neysa was formed in 2023 and operates as one of the global neocloud vendors providing purpose-built GPU-based AI infrastructure with a focus on deployment and operation in India. It plans to scale up to more than 20,000 GPUs in the country to enable enterprises and institutions to expand AI workloads. The company claims to already have customers across various industries, including healthcare, financial services, and public services. Sharad Sanghi, co-founder and CEO, said in a statement that Neysa seeks to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India.