Mumbai-based GenAI infrastructure startup Neysa has raised over $1.2 billion in a landmark funding round led by private equity funds affiliated with Blackstone, marking one of the largest capital infusions in India’s AI infrastructure space. The transaction comprises $600 million in equity capital, with the company planning to secure an additional $600 million through debt financing.
The equity round also saw participation from Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. While the company did not officially disclose its valuation, reports peg Neysa’s post money valuation at around $1.4 billion, making it one of India’s newest unicorns of 2026. This represents nearly an 11x jump from its $128 million valuation at the time of its Series A round.
Aggressive AI Infrastructure Expansion
Founded in 2023 by Sharad Sanghi and Aninya Das, Neysa operates as an AI acceleration cloud platform offering GPU-based infrastructure for training, fine tuning, and deploying large-scale AI workloads. The company plans to deploy over 20,000 GPUs across India, significantly expanding its sovereign AI compute capabilities.
The fresh capital will be used to strengthen its AI infrastructure footprint, focusing on secure, production grade compute for enterprises, hyperscalers, government agencies, and AI research labs. Neysa positions itself as a sovereign AI cloud provider, aligned with the objectives of the IndiaAI Mission and the country’s push toward domestic AI infrastructure and data localization.
Rapid Valuation Surge
Prior to this mega round, Neysa had raised $20 million in seed funding in early 2024 and a $30 million Series A round in October 2024, backed by Nexus Venture Partners, NTT Venture Capital, Z47, and Anchorage Capital. At the Series A stage, Nexus Venture Partners and Z47 each held 16.22% stakes, while the founders collectively owned 43.09%. The latest funding is expected to significantly reshape the company’s cap table.
India’s AI Infrastructure Moment
Neysa’s rise reflects growing investor confidence in India’s AI infrastructure ecosystem. As enterprises accelerate GenAI adoption across BFSI, healthcare, public services, and technology sectors, demand for secure, high-performance domestic compute is rising sharply.
With this funding, Neysa joins the growing list of Indian unicorns in 2026 and positions itself as a key player in building India’s AI cloud backbone.
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