Sharad Sanghi’s AI cloud startup Neysa raises $20 mn in seed funding

Neysa, India’s first AI cloud and platform-as-a-service startup, has secured $20 million in seed funding, led by Matrix Partners India, Nexus Venture Partners, and NTTVC.

Neysa is the second entrepreneurial stint of Sharad Sanghi, considered a pioneer of the Indian cloud computing space. His first venture, Netmagic Solutions, a cloud and data centre business, was acquired by Japanese data centre major NTT Communication. This time around, Sanghi is co-founding the company with Anindya Das.

The funding will help drive the Generative-AI-cloud platform as a service and observability for India and the global markets. Neysa will focus on three areas—AI on cloud, network observability, and security observability.