Accelerating artificial intelligence (AI) Neysa, a provider of cloud systems, has secured $30 million in Series A funding.

Current investors NTTVC, Z47 (previously known as Matrix Partners India), and Nexus Venture Partners co-led the round.

Neysa's successful $20 million seed round earlier this year is being built upon with this investment.

Sharad Sanghi, the creator of data center services provider Netmagic, is involved in this business on a second endeavor.

Neysa is committed to meeting the demands of developing markets, such as India, by offering custom AI solutions to businesses of all kinds.

Neysa makes it possible for organizations to use AI technologies without the complexity by providing scalable and affordable AI infrastructure.

This tailored strategy guarantees that Indian businesses across a range of industries, including IT, BFSI, and GCCs, have access to the resources required to thrive in an AI-driven market.

Neysa Velocis, the company's flagship platform, was introduced in July 2024 following the completion of the seed funding round. It makes high-performance computing infrastructure accessible whenever needed.

According to the company, Neysa has orders from paying clients in a number of industries, including media and entertainment firms, software vendors, AI-first digital natives, service providers, and the governmental sector.

Sharad Sanghi, co-founder and chief executive officer (CEO) of Neysa says, "This investment brings us closer to our vision of democratizing access to Generative AI (Gen AI) and AI solutions for organizations across the world".

Vab Goel, founding partner at NTTVC and Board Member of NTT DATA, Inc notes, "We are excited to co-lead the Series A round and deepen our partnership with Neysa".

He added, “The team’s innovation and commitment to accelerating Gen AI solutions are creating a significant impact in the region’s tech ecosystem. We have seen firsthand how Sharad built India’s largest data centre company from inception. His experience and track record are critical differentiators in building and scaling the next-generation Gen AI Cloud provider.”