Neysa, an AI cloud and platform-as-a-service startup, has secured USD 20 million in Seed funding. Led by Matrix Partners India, Nexus Venture Partners and NTTVC, the funding will help drive the Generative-AI-cloud platform as a service and observability for India and global markets.
Neysa is co-founded by Sharad Sanghi (CEO) and Anindya Das (CTO).
Neysa will offer a suite of Generative AI platform and services, helping clients discover, plan, deploy and manage their Generative AI projects cost effectively and secure their AI landscapes in the cloud and at the edge in a consumption-based model. Neysa is planning to release its services in Q3 2024, the company said in a statement.
“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”, said Neysa Founder and CEO Sharad Sanghi.
Neysa Co-founder and CTO Anindya Das adds, “Neysa was conceived from a deep understanding of the day-to-day challenges faced in managing and scaling cloud and the transformative potential of AI. This funding boosts our mission to democratize 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”.
Commenting on the launch, Matrix Partners MD Avnish Bajaj said, “Having known Sharad and Andy for a long time, it is our privilege to partner with them on their next venture. 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.”
Nexus Venture Partners MD Jishnu Bhattacharjee said, “Meteoric rise of demand for AI globally calls for 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!”
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