Neysa, an Artificial Intelligence acceleration cloud platform in India, has announced that private equity funds affiliated with Blackstone, and co-investors, have entered into definitive agreements to invest into it, enabling a US$ 1.2 billion capital raise.
Blackstone and co-investors have provided equity capital of up to US$ 600 million, on the basis of which Neysa intends to secure an additional US$ 600 million of debt financing, subject to documentation. Blackstone will partner with Sharad Sanghi (Co-Founder and Chief Executive Officer, Neysa) to accelerate Neysa’ growth.
Founded in 2023, Neysa designs and develops AI systems that are deployed and operated within India. It provides purpose‑built and cost-effective GPU‑based AI infrastructure that enables enterprises and institutions to train, fine‑tune, and deploy AI workloads. Its customers span financial services, technology, healthcare, public services, and other industries.
Amit Dixit, Head of Asia Private Equity, Blackstone, said, “It reinforces Blackstone’s focus on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone. With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation.”
“India’s AI ambition requires production grade infrastructure built and operated at scale. Neysa is focused on delivering the execution layer of sovereign compute, and AI research enablement and adoption, in alignment with the goals of IndiaAI Mission,” said Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa. “We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination.”
This funding provides a material impetus to Neysa’s planned scale-up and deployment of over 20,000 GPUs in India. Other equity investors in this transaction include: Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners.