Global private equity firm Blackstone, together with a group of co-investors, has committed to a $1.2 billion capital raise for Neysa, a Mumbai-based artificial intelligence acceleration and cloud platform.
The agreement supports India’s efforts to strengthen its domestic AI capabilities and digital infrastructure. Blackstone confirmed that the investment will fund the expansion of Neysa’s AI-focused cloud platform and help scale the country’s broader digital ecosystem.
The transaction provides for up to $600 million in equity funding from private equity vehicles affiliated with Blackstone and its partners. In addition, Neysa intends to raise a further $600 million through debt financing. Other prominent equity backers include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Ventures.
Established in 2023 Neysa is a Mumbai-based provider of GPU-driven AI infrastructure, enabling enterprises and government bodies to train and deploy artificial intelligence workloads. With the new capital infusion, the company plans to deploy more than 20,000 GPUs across India, advancing the objectives of the India AI Mission.
“This investment reinforces Blackstone’s focus on backing the essential ‘picks and shovels’ of AI globally,” said Amit Dixit, Head of Asia Private Equity at Blackstone. He noted that India remains a key market for the firm’s digital infrastructure theme.
Neysa operates its flagship platform, Velocis, which delivers specialised capabilities for generative AI performance optimisation and security. The company serves a broad client base spanning financial services, healthcare and the public sector.
The partnership between Neysa and Blackstone is intended to position India as a globally competitive AI compute hub. The announcement comes ahead of the India AI Impact Summit, set to begin in New Delhi on Monday.
The summit will feature numerous world leaders, global technology executives and Indian business figures, with Narendra Modi scheduled to inaugurate the event. High-profile attendees include Sam Altman of OpenAI, Sundar Pichai of Google, and Bill Gates.
Jensen Huang, chief executive of Nvidia, was originally expected to attend but withdrew at the last minute and will be represented by a senior Nvidia executive.
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