Mumbai-based AI acceleration cloud platform Neysa has raised over $1.2 billion in a landmark round led by private equity funds affiliated with Blackstone, alongside multiple co-investors. The transaction comprises $600 million in equity, with the company planning to mobilize another $600 million through debt.
The raise ranks among the largest ever in India’s AI infrastructure landscape. Additional participants include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners.
Fresh capital will be directed toward expanding Neysa’s national AI compute backbone, including plans to deploy 20,000+ GPUs. The scale signals rising demand for sovereign, in-country infrastructure as enterprises accelerate model training, fine-tuning, and inference workloads.
The company’s funding trajectory has been swift. It secured $20 million in seed capital in early 2024, followed by a $30 million Series A later that year with backing from Nexus, NTT Venture Capital, Z47 and Anchorage Capital. Market estimates now place its valuation near $1.4 billion, a dramatic jump from roughly $128 million at Series A.
Neysa becomes the second unicorn of 2026, following Juspay, underlining investor appetite for platforms enabling AI readiness at scale.
Founded in 2023, the company provides GPU-centric infrastructure to enterprises, AI labs, and public institutions across finance, healthcare, technology, and government. Its positioning around sovereign compute and data assurance closely aligns with the ambitions of IndiaAI Mission.
This deal reflects a decisive shift: investors are backing AI plumbing, not just applications. As generative and agentic systems proliferate, control over compliant, local, high-performance compute becomes strategic. Global capital wants exposure to platforms that can guarantee performance, security, and regulatory alignment.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
