Building an AI startup in India is no easy feat, especially when it comes to securing funding for global market products or customized solutions for the Indian market. However, Neysa, a Mumbai-based AI acceleration cloud system provider, has defied the odds and successfully raised $20 million in seed funding in April 2024, followed by a Series-A funding of $30 million in October. This success can be attributed to the expertise and experience of its founders, Sharad Sanghi and Anindya Das, who have a strong background in the computing space. Neysa’s flagship offering, Velocis, is an end-to-end AI platform that covers everything from data ingestion to inferencing, making it a unique player in the market. Unlike other providers, Neysa embraces an open-source approach, allowing seamless integration with popular tools like Hugging Face, TensorFlow, and MLFlow. With its comprehensive platform and open-source capabilities, Neysa is set to become a leading provider of AI Platform-as-a-Service (PaaS) in both public cloud and private cluster environments. This success story showcases the potential of Indian AI startups and their ability to compete on a global scale.
