Neysa will offer a suite of Generative AI platform and services, helping clients discover, plan, deploy, and manage their Generative AI projects cost effectively and secure their AI landscapes in the cloud and at the edge in a consumption-based model. Neysa’s integrated approach and industry vertical solutions will help accelerate Generative AI adoption in enterprises across India and globally. Neysa is planning to release its services in Q3 2024. AI cloud and platform-as-a-service startup Neysa has raised $20 million in a seed funding round led by Matrix Partners India, Nexus Venture Partners, and NTTVC. The funding will help the startup drive the Generative-AI-cloud platform as a service and observability for India and global markets, as per the release.

Neysa was co-founded by India's renowned technology leaders, Sharad Sanghi, who serves as CEO, and Anindya Das, who serves as CTO. Sanghi's extensive experience, notably founding Netmagic, India’s premier data centre company that NTT acquired, complements Das's profound expertise in cloud infrastructure and network design. B V Jagadeesh,  with his exceptional track record in Silicon Valley, will be Chairman.In order to assist clients find, plan, implement, and manage their Generative AI projects efficiently and secure their AI landscapes in the cloud and at the edge using a consumption-based paradigm, Neysa will provide a suite of Generative AI platforms and services. The adoption of generative AI in businesses throughout India and the world will be accelerated by the startup's integrated strategy and industry-vertical solutions. Its services are scheduled to launch in Q3 2024.

Neysa hopes to speed its research and development efforts and build out its infrastructure with the help of this money.Sharad Sanghi, the founder and CEO of Neysa, stated, "Our goal is to use this funding to push the boundaries of innovation and help our clients with the power of our end-to-end Generative AI PaaS ecosystem and our AI-engineered Observability Platform, in a way that provides demonstrable and tangible outcomes for their business." Neysa's co-founder and CTO, Anindya Das, continues, "Neysa was conceived from a deep understanding of the transformative potential of AI as well as the day-to-day challenges faced in managing and scaling cloud." Our goal of democratising AI and enabling businesses of all sizes to spur innovation and spur growth is furthered by this support. We're creating a future in which integrating AI is simple, clear, and fundamentally changes the way we interact with technology”.We consider it an honour to work with Sharad and Andy on their upcoming project, having known them for a considerable amount of time. Businesses everywhere, but especially in India, are looking for assistance in making the switch to AI-native cloud computing, and there isn't a more capable or knowledgeable team in India to work with than us! The path forward and Neysa's future excite us," stated Avnish Bajaj, MD of Matrix Partners India. Jishnu Bhattacharjee, MD of Nexus Venture Partners, hailed the launch of Neysa, saying, "Neysa is poised to provide the AI-native cloud platform that the meteoric rise in demand for AI globally demands." We are excited to work with Sharad and Andy once more after knowing them and supporting them at Netmagic.