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Neysa Networks Private Limited

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Neysa Networks Private Limited
Neysa Logo
Private
ISIN🆔
IndustryArtificial Intelligence
Founded 📆2023
Founder 👔Sharad Sanghi
Headquarters 🏙️Mumbai, India
Number of locations
3
Area served 🗺️
Worldwide
Products 📟 
  • Neysa Velocis
Members
Number of employees
91
🌐 Websiteneysa.ai
📇 Address
📞 telephone

Neysa Networks Private Limited is an Indian information technology company headquartered in Mumbai, India[1]. It provides cloud infrastructure and computing services for artificial intelligence[2] and high-performance workloads. The company was founded in 2023 by technology entrepreneur Sharad Sanghi[3], former founder and CEO of Netmagic Solutions[4], and Anindya Das Sanghi[5].

History

Neysa Networks was founded in 2023 following Sharad Sanghi’s departure from Netmagic Solutions, an Indian data center and managed hosting company acquired by NTT Communications in 2012.[6][7][8][9]

The company positions itself as an AI-focused cloud infrastructure provider addressing enterprise demand for computing resources in India.[10][11][12]

Funding

In February 2024, Neysa Networks raised USD 20 million[13] in seed funding from Matrix Partners India and Nexus Venture Partners.[14][15][16]

In October 2024, the company announced a USD 30 million Series A[17] round co-led by NTTVC, Z47, and Nexus Venture Partners to expand AI adoption and infrastructure availability.[18][19][20]

Recognition

The company has been mentioned in media coverage discussing India’s growing artificial intelligence ecosystem and cloud infrastructure initiatives.[21][22][23][24]

See also

References

  1. Rajan, Jessica (2024-10-22). "AI startup Neysa raises $30 million in funding round led by NTTVC, others". The Economic Times. ISSN 0013-0389. Retrieved 2025-06-12.
  2. Florentyna, Anne (2024-10-22). "Neysa Bags $30 Mn To Fuel Its GenAI Adoption". Inc42 Media. Retrieved 2025-06-12.
  3. "Sharad Sanghi ventures into Gen AI with Neysa, secures $20 mn seed funding". Business Line. 2024-04-10. Retrieved 2025-06-12.
  4. Ghosh, Debangana (22 October 2024). "Sharad Sanghi's AI startup Neysa raises $30 mn in Series A from NTTVC, Z47, Nexus Venture Partners". Money Control.
  5. Singh, Jagmeet (2024-10-22). "India's Neysa bags $30M to compete with global AI hyperscalers". TechCrunch. Archived from the original on 2025-05-06. Retrieved 2025-06-12. Unknown parameter |url-status= ignored (help)
  6. "Japan's NTT to fully acquire Netmagic". The Hindu Business Line. March 2016.
  7. "NTT Communications to acquire majority stake in Netmagic". NTT Communications. January 2012.
  8. "Japan's NTT to fully acquire Netmagic". BusinessLine. 2016-04-15. Retrieved 2025-06-12.
  9. "Japan's NTT Communications buys 74% in Netmagic for Rs 900 crore". The Economic Times. 2012-01-26. ISSN 0013-0389. Retrieved 2025-06-12.
  10. "Sharad Sanghi ventures into Gen AI with Neysa, secures $20 million seed funding". Business Line. February 2024. Retrieved 2025-06-12.
  11. Kulkarni, Dhruva (2024-11-14). "Small Companies Driving GPU Access in India". Equitypandit. Retrieved 2025-06-12.
  12. De, Rajneesh (2025-01-16). ""Neysa continues to bridge the AI infrastructure gap for businesses of all sizes in India.": Sharad Sanghi, Co-founder and CEO, Neysa". Retrieved 2025-06-12.
  13. Gupta, Paromita (2024-04-10). "AI Startup Neysa Raises USD 20 Mn from Matrix, Nexus, and NTTVC". Entrepreneur. Archived from the original on 2025-06-24. Retrieved 2025-06-12. Unknown parameter |url-status= ignored (help)
  14. "AI startup Neysa raises USD 20 million from Matrix, Nexus". Entrepreneur India. February 2024.
  15. "AI Cloud and PaaS start-up Neysa secures $20 million in seed funding". Outlook Business. February 2024.
  16. "Former Netmagic CEO's new venture secures biggest seed round in over a year". VCCircle. Retrieved 2025-06-12.
  17. Dargan, James (2024-10-22). "Neysa Secures $30M Series A Funding Co-Led by NTTVC, Z47 & Nexus Venture Partners to Boost Gen AI Adoption". AI Insider. Retrieved 2025-06-12.
  18. "India's Neysa bags $30M to compete with global AI hyperscalers". TechCrunch. October 2024.
  19. "AI startup Neysa raises $30 mn in Series A from NTTVC, Z47, Nexus Venture Partners". Moneycontrol. October 2024.
  20. "AI startup Neysa raises $30M to fuel GenAI adoption". The Economic Times. October 2024.
  21. "Explained: Why India's tech veterans are leaving corporate giants to launch AI startups". Outlook Business. March 2024.
  22. "AI startup Neysa joins IndiaAI Mission expansion". Business Standard. September 2025.
  23. "Meet the 30 Indian AI Leaders on the Forbes India & Accel Power List". Forbes India. Retrieved 2025-06-12.
  24. "Meet the 30 Indian AI Leaders on the Forbes India & Accel Power List". Forbes India. Retrieved 2025-06-12.



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