Neysa Lands $20M in Seed Funding to Boost Its Generative AI Cloud Platform, Led by Matrix, Nexus, and NTTVC

Neysa, a Mumbai-based AI cloud and platform-as-a-service startup, has raised $20 million in seed funding from Matrix Partners India, Nexus Venture Partners, and NTTVC. The investment will support the expansion of its Generative-AI-cloud platform both in India and internationally.

Founded by Sharad Sanghi and Anindya Das, Neysa aims to streamline the deployment and management of Generative AI projects, offering cost-effective solutions for securing AI operations in the cloud and at the edge.

The company plans to launch its services in the third quarter of 2024, capitalizing on the growing interest in Generative AI technologies following the success of platforms like ChatGPT. This funding is part of a broader trend of increased VC investments in emerging AI enterprises.

“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, in a way that provides demonstrable and tangible outcomes for their business,” said Neysa founder and CEO Sanghi.

Featured image: Credit: Neysa