Neysa raises $1.2 billion to deploy over 20,000 GPUs across India. Blackstone and co-investors provide $600 million in equity, with an additional $600 million in debt financing planned. The funding supports the company's mission to establish India as a sovereign AI compute destination for enterprises and government institutions.
Neysa closed definitive agreements with private equity funds affiliated with Blackstone and several co-investors for a total capital raise of $1.2 billion. The structure combines up to $600 million in equity capital with an additional $600 million in debt financing, subject to final documentation. The investment positions India to play a larger role in global AI infrastructure development.
Blackstone will work directly with Neysa Co-Founder and CEO Sharad Sanghi to accelerate growth across the company's GPU-based cloud platform. The AI acceleration provider delivers mission-critical solutions to organizations across financial services, technology, healthcare, and public sector verticals throughout India.
The funding arrives as India intensifies efforts to build domestic AI infrastructure aligned with the IndiaAI Mission. Neysa focuses on what Sanghi describes as the execution layer of sovereign compute, enabling enterprises, hyperscalers, and global AI labs to deploy reliable infrastructure within Indian borders.
"India's AI ambition requires production grade infrastructure built and operated at scale," Sanghi said. "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."
The timing coincides with the AI Impact Summit, reflecting what Sanghi views as growing international engagement with India's compute landscape. Neysa's approach emphasizes both technical performance and data sovereignty, addressing concerns that have made some organizations hesitant to rely solely on offshore infrastructure.
Neysa intends to deploy more than 20,000 GPUs throughout India as part of its planned scale-up following the investment. The infrastructure will support enterprises and institutions training, fine-tuning, and deploying AI workloads on purpose-built, cost-effective systems designed and operated domestically.
The company's flagship offering, the Velocis AI Acceleration Cloud system, covers three core areas: AI infrastructure, GenAI and AI use case performance optimization, and AI/ML security. This integrated approach allows customers to move from model development through production deployment while maintaining control over sensitive data and computation.
Neysa operates through a partner-first model intended to create an open AI ecosystem rather than a closed proprietary platform. The strategy aims to drive adoption across specific industries by working with sector specialists who understand domain-specific requirements for compliance, performance, and integration.
Founded in 2023, Neysa emerged to address the gap between global AI infrastructure platforms and India's need for domestically operated compute resources. Co-Founder and CEO Sharad Sanghi leads a team focused on delivering what the company calls AI research enablement and adoption infrastructure.
The platform serves customers spanning multiple industries. Financial services firms use the infrastructure for risk modeling and fraud detection. Technology companies fine-tune large language models. Healthcare organizations deploy medical imaging analysis. Public sector entities run AI workloads that require data to remain within national boundaries.
Neysa differentiates itself through cost efficiency and local operation. While global cloud providers offer GPU infrastructure, Neysa's India-specific focus allows optimization for regional connectivity, compliance requirements, and pricing structures that match the local market's expectations.
Beyond Blackstone's lead position, the equity portion includes investments from Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. The combination brings together financial resources, operational expertise, and network effects across India's technology and investment ecosystems.
Amit Dixit, Head of Asia Private Equity at Blackstone, framed the investment as part of a two-decade commitment to building businesses that strengthen India's economic infrastructure. "It reinforces Blackstone's focus on backing the essential 'picks and shovels' of AI globally, including in India, a key market for Blackstone," Dixit said. "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."
Ganesh Mani, a Senior Managing Director in Blackstone Private Equity, emphasized digital infrastructure as one of the firm's highest conviction themes worldwide. "This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates," Mani said. "We believe Neysa has the best management team in this space and look forward to partnering with Sharad and team to scale the business and support India's innovation."
Blackstone affiliates have assembled a portfolio of foundational AI infrastructure investments globally. The firm backs QTS, described as the world's largest data center platform, and AirTrunk, the leading data center operator in Asia Pacific. Additional holdings include CoreWeave, a specialized cloud infrastructure company, and Firmus, an Australian AI infrastructure platform.
The Neysa investment extends this strategy into India's growing market. Blackstone's infrastructure experience and capital access provide resources that early-stage companies typically cannot match independently, particularly when scaling physical infrastructure that requires significant upfront investment before generating returns.
DC Advisory served as lead financial advisor to Neysa in the transaction. KPMG advised Blackstone on financial matters. Talwar Thakore & Associates provided legal counsel to Neysa, while Trilegal and Gibson & Dunn advised Blackstone on legal aspects of the deal.
