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AI cloud infrastructure startup Neysa has entered into a definitive agreement with US-based Blackstone for a $600 Mn (about ₹5,443 Cr) funding that will see participation from other co-investors, including Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners

On the back of this agreement, Neysa intends to raise another $600 Mn through debt financing, taking the total round amount to a possible $1.2 Bn (about ₹10,800 Cr) – the highest ever by an AI startup in India.

Through the deal, Neysa has secured an enterprise valuation of $1.4 billion, ET reported citing sources.

The Mumbai-based startup plans to utilise the funds toward its goal of deploying over 20,000 graphics processing units (GPU) in the country. Neysa provides GPU-led cloud and AI infrastructure solutions to Indian companies that enables them to train, customise and deploy AI workloads. Its client base includes companies in sectors such as financial services, healthcare, and public services, along with technology-led startups.

Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa has raised $50 Mn in funding till date from investors like Z47, Nexus Venture Partners and NTT Venture Capital, which co-led its $30 Mn Series A round completed in 2024. It was reported in November last year that Blackstone and Japanese VC major SoftBank were in talks to acquire majority stakes in the AI startup with an expected valuation of $300 Mn.

“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. 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,” cofounder and chief executive officer Sanghi said.

Onboarding Blackstone, which is the world’s latest alternative investment fund, as a major stakeholder will also provide Neysa with global outreach opportunities, especially as the firm’s portfolio companies include AI giants OpenAI and Anthropic. Blackstone is investing heavily in cloud compute infrastructure, with $6 Bn earmarked for investment in Maharashtrato develop data centres in the state.

The investment announcement coincided with the commencement of the AI Impact Summit in New Delhi today, which is the first AI-focused summit of such scale in the Global South. OpenAI founder Sam Altman and Google CEO Sundar Puchai are expected to attend the Summit.

The Summit comes amid the ongoing AI boom in the Indian startup ecosystem. The country is home to over 150 native AI startups which have collectively raised more than $1.5 Bn since 2020. The Indian AI market is expected to surpass the $17 Bn mark in value by 2030.

The post Neysa To Raise $1.2 Bn In Blackstone-Led Round At $1.4 Bn Enterprise Valuation appeared first on Inc42 Media.