Get All Access for $5/mo

AI Startup Neysa Raises USD 20 Mn from Matrix, Nexus, and NTTVC With the raised funding, the Mumbai-based startup aims to help drive the generative-AI-cloud platform as a service and observability for India and global markets.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sharad Sanghi, Founder and CEO, Neysa

Neysa, an AI cloud and platform-as-a-service startup, has announced the raising of USD 20 million in a seed round led by Matrix Partners India, Nexus Venture Partners, and NTTVC.

According to the official release, the funding will help drive the generative-AI-cloud platform as a service and observability for India and global markets.

Sharad Sanghi, Founder and CEO, Neysa, said, "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."

Anindya Das, Co-founder and CTO of Neysa, added, "This funding boosts our mission to democratise AI, empowering companies of all sizes to ignite innovation and drive growth. We're building a future where AI integration is seamless, intuitive, and fundamentally changes the way we interact with technology."

Co-founded by Sharad Sanghi and Anindya Das (CTO), Neysa wants to secure its customers' AI landscapes in the cloud and at the edge using a consumption-based paradigm and assist them in finding, organising, deploying, and managing their generative AI projects affordably.

The platform claims that its integrated approach and industry vertical solutions will help accelerate generative AI adoption in enterprises across India and globally. It is planning to release its services in Q3 2024.

Avnish Bajaj, MD, Matrix Partners India, said, "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! We are excited about the future of Neysa and the journey ahead."

Jishnu Bhattacharjee, MD, Nexus Venture Partners, added, "The meteoric rise in demand for AI globally calls for the AI-native cloud platform that Neysa is all set to offer. Having known and backed Sharad and Andy previously at Netmagic, we are thrilled to partner with them again in Neysa's journey as they shape the future of AI cloud services."

"Generative AI is a key topic of every boardroom discussion. Neysa will help enterprises gain competitive advantage by accelerating a new era of productivity," stated Vab Goel, Founding Partner of NTTVC and Board Member of NTT Data Inc.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

Business News

Macy's CEO Confirms Employee Made Accounting Errors Worth $151 Million, Though Not for 'Personal Gain'

The company announced its third-quarter earnings Wednesday after a delay.

Starting a Business

10 Traits of Successful Entrepreneurs That Investors Love (Even If They Seem Like Jerks)

This article explores a thought-provoking question: Why do many successful entrepreneurs exhibit traits that might label them as "jerks?"