Neysa, a provider of AI Acceleration Cloud Systems, has raised $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This follows the company’s successful $20 million seed round earlier this year, reflecting strong investor confidence in its mission to drive generative AI adoption for Indian enterprises and the public sector.

Founded by Sharad Sanghi, CEO, Neysa has rapidly advanced its platform, launching Neysa Velocis, a high-performance AI cloud infrastructure, in July 2024. The platform offers scalable AI-native solutions across sectors such as digital media, software, and public services. The company has already secured paying customers, demonstrating demand for AI infrastructure in a market projected to grow significantly by 2027.

Sharad Sanghi expressed excitement about the progress since their seed round, noting the platform’s availability and customer traction across key industries. Investors such as Vab Goel from NTTVC and Avnish Bajaj from Z47 praised Neysa’s rapid growth and potential to transform the AI landscape. Nexus Venture Partners’ Jishnu Bhattacharjee highlighted the company’s role in accelerating generative AI adoption with its purpose-built infrastructure.

With this funding, Neysa aims to further scale its AI infrastructure, advance R&D, and launch its Gen AI Acceleration Cloud Service. The company’s goal is to democratize AI access and drive digital transformation across industries.