Mumbai-based AI acceleration cloud platform Neysa has announced a funding of over $1.2 billion, led by private equity funds affiliated with Blackstone along with multiple co-investors. The transaction includes $600 million in equity capital, while the company plans to raise an additional $600 million in debt financing.
This marks one of the largest capital raises in India’s AI infrastructure space. Other equity investors participating in the round include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners.
The fresh capital will be used to scale Neysa’s AI infrastructure footprint, including the planned deployment of over 20,000 GPUs across the country.
Prior to this round, Neysa had secured $20 million in seed funding in early 2024, followed by a $30 million Series A round in October 2024, backed by Nexus Venture Partners, NTT Venture Capital, Z47 (formerly Matrix Partners India) and Anchorage Capital.
While the company did not comment on its valuation, an ET report pegged it at around $1.4 billion. This is a nearly 11x jump compared to the $128 million valuation at the Series A stage, as per Entrackr’s estimates.
Neysa has also become the second unicorn of 2026 after Juspay, which crossed a $1 billion valuation following a $50 million funding round led by WestBridge in January.
Founded in 2023, Neysa builds and operates AI systems deployed within India, offering GPU-based infrastructure to support the training, fine-tuning and deployment of AI workloads. The company serves enterprises and government institutions across sectors such as financial services, technology, healthcare and public services.
Neysa positions itself as an AI acceleration cloud provider focused on sovereign compute, data assurance and production-grade AI infrastructure. Its platform enables enterprises, hyperscalers and AI labs to deploy AI workloads securely and cost-effectively within India, aligning with the broader objectives of the IndiaAI Mission.
As of the Series A round, Nexus Venture Partners and Z47 were the largest external shareholders in the company, each holding a 16.22% stake. The company’s founders, Sharad Sanghi and Aninya Das, collectively owned a 43.09% stake. It will be interesting to see Neysa’s cap table structure following the latest deal with Blackstone.
