Blackstone to spearhead a $600 million funding in AI firm Neysa. A group of financiers, spearheaded by Blackstone Inc., intends to inject up to $600 million in equity into the Indian cloud-based artificial intelligence startup, Neysa.
Alongside the equity fundraising, Neysa is also aiming to secure roughly $600 million via debt financing, as stated in a release on Monday. The enterprise intends to utilize the capital to implement over 20,000 GPUs within India for AI training purposes and advanced computing.
This declaration occurred concurrently with the inauguration of the India AI Impact Summit, a convention uniting leaders from the AI sphere, governmental representatives, and financiers to deliberate on the technology’s potential and present indigenous initiatives. The summit presented a chance for Prime Minister Narendra Modi to underscore India’s aspirations as a frontrunner in the global AI competition.
“This investment will empower Neysa to assume a pivotal role in the advancement of AI infrastructure in India, facilitating the more effective assimilation of AI technologies by businesses and governmental bodies,” commented Ganesh Mani, a senior managing director within Blackstone’s private equity division. Blackstone, having experienced positive outcomes from AI investments in 2025, plans to collaborate with Neysa’s co-founder and CEO, Sharad Sanghi, to expedite the company’s expansion, he noted. The investing syndicate also comprises Teachers’ Venture Growth, TVS Capital, 360 ONE, and Nexus.
Blackstone figured among the initial investors engaging in discussions to procure a share in Neysa, which has allocated significant investments towards digital infrastructure globally, including QTS, AirTrunk, CoreWeave Inc., and Firmus, according to sources familiar with the situation in November.
Established in 2023, Neysa operates as an AI developer located in India. It delivers GPU infrastructure to organizations spanning the financial, tech, medical and public sectors. It is a rival to Bharti Airtel Ltd., which, according to Bloomberg Intelligence analyst Chris McKensturm, is anticipated to seize a quarter of the country’s rapidly expanding data center sector. DC Advisory provided counsel to Neysa, while KPMG advised Blackstone. Neysa received guidance from Talwar Thakore & Associates, with Trilegal and Gibson & Dunn providing counsel to Blackstone.
Source: Bloomberg