AI Infra Startup Neysa to Raise $1.2 Billion Via Debt and Equity for Data Centres Growth

Neysa, an AI cloud infrastructure firm, is reportedly raising $1.2 billion through a mix of equity and debt. Private equity funds affiliated with Blackstone, along with co-investors, have committed $600 million in equity, as per news reports.  

The company plans to raise a further $600 million through debt financing linked to this investment. The transaction is among the larger capital infusions into an early-stage AI infrastructure company in India. 

Other participants in the round include Teachers’ Venture Growth, TVS Capital Funds, 360 ONE Asset, and Nexus Venture Partners. Neysa has not disclosed its valuation.  

Capital for Data Centre Expansion 

The company said the funds will be used to deploy more than 20,000 graphics processing units across data centres in India. This would add to the country’s estimated pool of roughly 60,000 GPUs available for commercial AI workloads. 

Neysa operates a GPU-as-a-Service platform called Velocis. The system allows enterprises to rent high-performance computing capacity for training and running artificial intelligence models, rather than building their own hardware. 

Founders and Earlier Rounds 

Neysa was founded in 2023 by Sharad Sanghi and Anindya Das. Sanghi earlier built managed hosting company Netmagic Solutions, which was acquired by NTT Communications in 2012. Das previously served as the firm’s chief technology officer. 

Before this round, the company had raised $50 million. This included a $20 million seed round in 2024 led by Matrix Partners India, Nexus Venture Partners, and NTTVC, followed by a $30 million Series A round in October 2024. 

Policy Environment and Investor Context 

The fundraise comes at a time when data infrastructure is receiving policy support. The Union Budget for 2026-27 announced a tax holiday for data centres until 2047. 

Blackstone, one of the key investors, manages a global data centre portfolio valued at about $130 billion, including platforms such as QTS Data Centers and AirTrunk. 

Read More: Lab-Grown Diamond Startup Ethera Secures ₹25 Crore from BlueStone for Expansion! 

Conclusion 

The proposed fundraise is for strengthening local AI infrastructure through additional GPU deployments. The company will serve enterprise and public sector demand. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.