Neysa Secures $1.2 Billion Funding, Plans IPO in Coming Years

Neysa, a cloud infrastructure startup founded in 2023 by Sharad Sanghi and Anindya Das, recently secured $1.2 billion in funding led by US private equity firm Blackstone, valuing the company at $1.4 billion. Neysa provides compute power and software tools for AI applications across enterprises, startups, and government clients. CEO Sharad Sanghi stated at the ET AI Conclave in Bengaluru that the company aims to go public in the next few years, driven by growing demand for AI-focused data center capacity, especially liquid-cooled facilities catering to GPU-led workloads.