Neysa Secures $1.2 Billion Investment from Blackstone to Enhance AI Infrastructure in India
Neysa, an Indian startup focused on AI infrastructure, has garnered a substantial $1.2 billion investment from U.S. private equity giant Blackstone. This funding comes at a critical time as India strives to bolster its domestic AI capabilities amidst a global surge in demand for AI computing resources.
As the need for specialized chips and data center capacities grows—driven by the rising use of large-scale AI models—Neysa positions itself as a key player in the evolving AI infrastructure landscape. Often referred to as “neo-clouds,” newer infrastructure providers like Neysa are stepping in to offer dedicated GPU resources and swift deployment options, catering specifically to enterprises and AI laboratories with unique regulatory and customization needs.
Neysa focuses on providing GPU-first infrastructure tailored for businesses, government entities, and AI developers. The demand for local compute resources is still in its nascent stages in India but is expanding rapidly.
“A significant portion of our clients seeks hands-on assistance and 24/7 support with rapid response times,” noted Sharad Sanghi, co-founder and CEO of Neysa. “Unlike some larger hyperscalers, we deliver this level of support.”
According to Ganesh Mani, a senior managing director at Blackstone, India currently has fewer than 60,000 GPUs deployed, but this number is predicted to soar to over two million in the next few years, reflecting the escalating demand.
This investment aligns with Blackstone’s strategy to expand its presence in data center and AI infrastructure globally. The firm has previously funded major data center operations like QTS and AirTrunk, as well as specialized AI infrastructure companies such as CoreWeave in the U.S. and Firmus in Australia.
Neysa’s infrastructure allows enterprises, researchers, and public sector organizations to train, fine-tune, and deploy AI models within India. Presently, Neysa operates approximately 1,200 GPUs, with plans to scale this capacity to over 20,000 GPUs as customer demand continues to grow.
“We anticipate tripling our capacity in the upcoming year based on demand,” Sanghi stated. “Some discussions are already at an advanced stage; if these proceed, we may achieve this sooner than expected, potentially within the next nine months.”
Looking ahead, Neysa aims to significantly increase its revenue next year as interest in AI workloads intensifies, with future aspirations set on expanding beyond India. Founded in 2023, the startup currently employs 110 people across its offices in Mumbai, Bengaluru, and Chennai.
