Business

Indian AI startup Neysa secures $20 million in funding to accelerate GenAI adoption

Indian AI startup Neysa raises $20 million in funding
Mumbai, April 10 (IANS) – Neysa, an AI cloud and platform-as-a-service startup, has successfully raised $20 million in funding led by Matrix Partners India, Nexus Venture Partners, and NTTVC investment firms. The funding will be utilized to drive the Generative AI cloud platform as a service and observability for companies in India and global markets, as stated by the startup’s co-founders, Sharad Sanghi and Anindya Das.

Sanghi expressed, “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.” Neysa is planning to release its services in the third quarter of this year.

Das emphasized, “This funding boosts our mission to democratise AI, empowering companies of all sizes to ignite innovation and drive growth.” Neysa aims to help enterprises maintain control of their data and intellectual property.

Avnish Bajaj, MD of Matrix Partners India, highlighted, “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.” Neysa’s innovative approach is poised to make a significant impact in the AI industry.

The funding secured by Neysa underscores the growing interest and investment in AI technologies, as companies seek to leverage the power of artificial intelligence for innovation and growth. With the support of leading investment firms, Neysa is well-positioned to drive advancements in AI cloud services and provide valuable solutions for businesses in India and beyond.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

Related Articles