AI cloud and platform-as-a-service startup Neysa raises $20M led by Matrix Partners India, others

Neysa, an AI cloud and platform-as-a-service (PaaS) startup, has received $20 million (nearly Rs 166 crore) funding, the company announced today, April 10.

The fresh funding round was led by Matrix Partners India, Nexus Venture Partners, and NTTVC investment firms.

The proceeds will help the company drive the Generative AI cloud platform as a service and observability for companies in India and global markets.

Co-founded by Sharad Sanghi (CEO) and Anindya Das (CTO), Neysa aims to help its 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.

The company is planning to release its services in the third quarter (Q3) this year.
“This funding boosts our mission to democratise AI, empowering companies of all sizes to ignite innovation and drive growth,” said Das.

Neysa said it will help enterprises keep control of their data and intellectual property.

“Enterprises globally, and even more so in India, are eager for expertise in helping them transition to AI native cloud computing and there is no better and more experienced team in India for them to partner with,” said Avnish Bajaj, MD, Matrix Partners India.

“Our goal is to leverage this funding to push the limits of innovation, assisting our clients with the power of our end-to-end Generative AI PaaS ecosystem and our AI-engineered Observability Platform”, said Sanghi.

With agency inputs