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Neysa Networks

AI · Mumbai, India · Founded 2023

Neysa Networks is an AI acceleration cloud system provider established to simplify and democratize the adoption of artificial intelligence for enterprises. The company was founded in 2023 by Sharad Sanghi and Anindya Das, with its headquarters in Mumbai, India. The founders' journey is rooted in a long-standing professional relationship of over two decades that began at Netmagic, a pioneering Indian data center company founded by Sanghi in 1998. Sanghi, an alumnus of IIT Bombay and Columbia University, has an extensive background in internet backbone infrastructure and successfully led Netmagic through its acquisition by NTT. Das, the CTO, brings 25 years of technical experience in cloud infrastructure and network design, having been instrumental in building out Netmagic's capabilities. Neysa operates in the Platform-as-a-Service (PaaS) market, providing a suite of generative AI platforms and services. The business model is consumption-based, allowing clients to pay for what they use while managing their AI projects cost-effectively. The company targets a broad client base, including AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector. By the end of July 2024, Neysa was serving around 12 paying customers. The company's core offering is an integrated system designed to assist businesses in discovering, planning, deploying, and scaling their AI use cases securely. Neysa provides an AI-native cloud platform that features an orchestration engine for scheduling GPU resources, including fractional GPUs, to cater to the Indian market. Its product suite includes three main platforms. 'Neysa Velocis' is the Gen AI Acceleration Cloud System, which provides on-demand access to high-performance GPU infrastructure and an MLOps platform for the entire machine learning lifecycle. 'Neysa Overwatch' offers autonomous network monitoring with AI-driven insights and remediation. 'Neysa Aegis' is focused on securing AI environments, protecting against threats like model and data poisoning. For business users without coding expertise, Neysa offers a low-code, no-code platform to build custom GenAI applications. Neysa has demonstrated significant financial traction, securing a $20 million seed funding round in April 2024, led by Matrix Partners India (now Z47), Nexus Venture Partners, and NTTVC. This was followed by a $30 million Series A round in October 2024, co-led by the same investors. The funds are allocated towards expanding infrastructure, fueling research and development, and building out its go-to-market strategy. Keywords: AI Platform-as-a-Service, Generative AI, AI infrastructure, cloud computing, MLOps, GPU cloud, AI acceleration, network observability, AI security, low-code AI, consumption-based cloud, enterprise AI, data center, AI-native infrastructure, Sharad Sanghi, Anindya Das, Neysa Velocis, Neysa Overwatch, Neysa Aegis, AI model deployment, machine learning lifecycle, AI for enterprises