The company plans to launch its platform in July, with a substantial number of potential clients in the AI cloud platform and network observability segments. Sanghi stated that the company is focused on the Indian market but plans to expand globally once it gains initial traction in India. The company's launch has been praised by Matrix Partners India and Nexus Venture Partners, who expressed excitement for Neysa's future and its potential to meet the rising global demand for AI-native cloud platforms.
Key takeaways:
- Neysa, an AI cloud and platform-as-a-service startup based in Mumbai, has raised $20 million in a funding round led by Matrix Partners India, Nexus Venture Partners and NTTVC.
- The funds will be used for expanding infrastructure, strengthening its research and development team, and for sales and marketing.
- Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa offers a suite of generative AI platform and services to help clients manage their AI projects, ensuring security across cloud and edge environments.
- The company plans to launch the platform in July and has a substantial number of potential clients in both the AI cloud platform and network observability segments.