Neysa Secures $20M Funding from Matrix Partners India and Nexus Venture: Accelerating AI Innovation

Mumbai, India: Neysa, a pioneering AI startup, has secured a substantial $20 million in a seed funding round, with major contributions from Matrix Partners India, Nexus Venture Partners, 

and NTTVC based in Menlo Park, California. This significant investment is poised to propel Neysa’s mission of revolutionizing AI innovation, infrastructure, and services.

Funding Details:

The $20 million infusion, spearheaded by Matrix Partners India, Nexus Venture Partners, and NTTVC, marks a pivotal moment in Neysa’s growth trajectory. 

The funds are earmarked to bolster Neysa’s infrastructure, expedite research and development endeavors, and pave the way for the launch of its services by the third quarter of 2024.

Company Vision:

Sharad Sanghi, Neysa’s Founder and CEO, expressed enthusiasm regarding the funding, citing plans to harness it for pushing the boundaries of innovation. 

Sanghi emphasized Neysa’s commitment to leveraging its end-to-end generative AI Platform-as-a-Service (PaaS) ecosystem and AI-engineered observability platform to deliver tangible outcomes for clients.

Leadership Insights:

Co-founded by Sharad Sanghi and Anindya Das, who serves as the company’s CTO, Neysa boasts a leadership team dedicated to driving AI advancements. 

Sanghi underscored Neysa’s mission of assisting businesses in discovering, planning, deploying, and managing generative AI projects efficiently and cost-effectively.

Market Dynamics:

Avnish Bajaj, Managing Director at Matrix Partners India, highlighted the growing demand for AI-native cloud computing expertise globally, especially in India. 

Bajaj commended Neysa’s experienced team as an ideal partner for enterprises seeking to navigate the transition to AI-native cloud computing seamlessly.