Blackstone Backs Neysa in USD 1.2 Bn AI Infrastructure Funding

Private equity firm Blackstone and its co-investors have entered into definitive agreements to invest in AI infrastructure platform Neysa, enabling a capital raise of about USD 1.2 billion aimed at expanding India’s artificial intelligence computing capacity.

The investment includes equity capital of up to USD 600 million from Blackstone and participating investors, with Neysa planning to secure an additional USD 600 million in debt financing, subject to documentation.

The funding is expected to support the company’s expansion and accelerate deployment of more than 20,000 GPUs across India.

Founded in 2023, Neysa provides GPU-based AI infrastructure designed to help enterprises and public institutions train, fine-tune and deploy AI workloads. Its solutions are used across sectors including financial services, technology, healthcare and public services.

Amit Dixit, Head of Asia Private Equity at Blackstone, said, “Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential ‘picks and shovels’ of AI globally, including in India.”

Ganesh Mani, Senior Managing Director in Blackstone Private Equity, noted, “Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India.”

Neysa operates an AI acceleration cloud platform that enables enterprises, startups and public sector organisations to deploy and scale AI workloads securely and cost-effectively. Its flagship system, Velocis, integrates AI infrastructure, generative AI optimisation and AI/ML security.

Sharad Sanghi, Co-founder and CEO of Neysa, said, “India’s AI ambition requires production-grade infrastructure built and operated at scale. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination.”

Other equity investors include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners. Financial advisory support was provided by DC Advisory and KPMG, while legal counsel was handled by Talwar Thakore & Associates, Trilegal and Gibson Dunn.

The investment reflects growing global interest in India’s AI infrastructure ecosystem as demand for high-performance computing and sovereign data capabilities accelerates.