Blackstone Leads Funding of Over $1 Billion to Neysa to Work Towards Building India’s Leading AI Infrastructure Platform

Neysa, purpose-built systems and services to help you accelerate AI adoption and integrate AI seamlessly into your operations, led by co-founders Sharad Sanghi, Anindya Das, and the team, has announced that private equity funds affiliated with Blackstone (collectively, “Blackstone”) and co-investors have entered into definitive agreements to invest in Neysa, enabling a $1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation. Other equity investors in this transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners.

Neysa is a rapidly growing AI acceleration cloud platform in India delivering mission-critical solutions to enterprises and government agencies. Blackstone will partner with co-founder and CEO Sharad Sanghi to accelerate growth, supporting a planned deployment of over 20,000 GPUs and advancing the country’s AI ecosystem.

Founded in 2023, Neysa develops AI systems deployed and operated within India, offering purpose-built, cost-efficient GPU-based infrastructure that enables organizations to train, fine-tune, and deploy AI workloads. Customers span financial services, technology, healthcare, and public sector institutions.

Amit Dixit, Head of Asia Private Equity at Blackstone, said the investment reflects a long-term commitment to building businesses that support India’s development and aligns with backing the global “picks and shovels” of AI. The firm believes its scale and expertise position it to support Neysa in its next growth phase and India’s broader AI transformation.

Ganesh Mani, Senior Managing Director in Blackstone Private Equity, described digital infrastructure as a high-conviction global theme, noting that the investment strengthens Neysa’s role in advancing AI infrastructure in India. Confidence was expressed in the company’s management team and in partnering with Sharad Sanghi to scale the platform and support the country’s innovation ecosystem.

Sharad Sanghi, Co-Founder and CEO of Neysa, stated that India’s AI ambitions require production-grade infrastructure built and operated at scale. Neysa is focused on delivering sovereign compute and enabling AI research and adoption in alignment with the IndiaAI Mission, offering performance reliability and data assurance for enterprises, hyperscalers, and global AI labs.

With support from Blackstone, the company aims to position India as a globally relevant AI compute destination. The investment coincides with the AI Impact Summit, underscoring rising global engagement with India’s AI ecosystem.

Affiliates of Blackstone are major global investors in the foundational infrastructure powering AI development and adoption. Notable investments include QTS, one of the world’s largest data center platforms; AirTrunk, a leading data center provider in the Asia Pacific; CoreWeave, a specialized cloud infrastructure company; and Firmus, an Australia-based AI infrastructure platform.

DC Advisory served as lead financial advisor to Neysa. KPMG served as a financial advisor to Blackstone. Talwar Thakore & Associates (TT&A) is serving as legal advisor to Neysa. Trilegal and Gibson & Dunn are serving as legal advisors to Blackstone.