Neysa becomes unicorn in new round led by Blackstone
16 Feb 2026, 01:35 PMThe capital will be used to scale-up and deploy over 20,000 GPUs in India by Neysa.
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Artificial intelligence (AI) startup Neysa has developed unicorn status after receiving $1.2 billion in funding led by New York based alternative investment management company, Blackstone.
The fund and its co-investors have provided equity capital of up to $600 million to Neysa, on the basis of which the startup intends to secure an additional $600 million in debt financing, Blackstone said.
Other equity investors participating in the round include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners.
While the valuation is not known, ET report said the funding values the company at $1.4 billion valuation.
The capital will be used to scale-up and deploy over 20,000 GPUs in India by Neysa.
The startup is an AI Acceleration Cloud provider that enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads. Its flagship AI Acceleration Cloud system, Velocis covers AI infrastructure, Gen AI and AI use case performance optimization, and AI/ML security.
Founded in 2023 by Sharad Sanghi, its customers span across industries, including financial services, technology, healthcare, and public services. Prior to this round, Neysa had secured $20 million in seed funding in early 2024, followed by a $30 million Series A round in October 2024 from Nexus Venture Partners, NTT Venture Capital, Z47 and Anchorage Capital.
"Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life." Amit Dixit, Head of Asia Private Equity at Blackstone, said.
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