India’s Neysa bags $30M to compete with global AI hyperscalers

Here’s a structured overview based on the provided information about Neysa, including investors, founders, fundraising rounds, and dates:

Startup Overview:

• Startup Name: Neysa
• Industry: AI and Machine Learning Infrastructure
• Founders:
  • Sharad Sanghi
  • Anindya Das
• Founded: 2023

Fundraising History:

1. Seed Round

   • Amount Raised: $20 million
   • Date: 2023
2. Series A
   • Amount Raised: $30 million
   • Date: 2024
   • Co-led by:
     • NTTVC
     • Z47 (formerly Matrix Partners India)
     • Nexus Venture Partners

Investors:

• NTTVC
• Z47 (Matrix Partners India)
• Nexus Venture Partners

Key Announcements:

• Neysa is looking to enhance its infrastructure, R&D, and go-to-market strategy with the recent funding.
• Plans to introduce an integrated generative AI acceleration cloud service and expand its product lineup.

Market Focus:

• Target customers include:
  • Research institutes
  • AI-native startups
  • Enterprise clients in banking, manufacturing, and media sectors.

Additional Plans:

• Future global market entry is planned following the next funding round, which is expected to be larger than current raises.

Current Operations:

• Neysa employs 55 people and serves around 12 paying customers, with a significant proportion opting for private clusters.

Feel free to ask if you need more detailed information on any specific aspect!

Source link

2024-10-22 00:30:00