Private equity funds affiliated with Blackstone and its co-investors have signed definitive agreements to facilitate a $1.2 billion capital raise in Neysa, a Mumbai-headquartered artificial intelligence acceleration cloud platform. The equity infusion of up to $600 million is expected to support the company’s plans to secure an additional $600 million in debt financing, subject to documentation, according to an official statement.

“Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation,” the statement said.

Other equity investors participating in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners, the release noted.

The funding marks a significant step toward strengthening India’s artificial intelligence infrastructure, with Neysa aiming to deploy more than 20,000 GPUs (Graphics Processing Units) across the country.

Founded in 2023, Neysa operates as an AI acceleration cloud platform delivering mission-critical solutions to enterprises and government entities. It provides purpose-built, cost-effective GPU-based AI infrastructure that enables customers to train, fine-tune, and deploy AI workloads within India.

Deal to boost growth and expand Neysa’s infrastructure footprint

As per the release, Blackstone will partner with Neysa’s Co-Founder and Chief Executive Officer, Sharad Sanghi, to accelerate the company’s growth and scale its infrastructure footprint. The capital raise is expected to provide a significant boost to Neysa’s expansion strategy as demand for AI computing capacity surges across sectors.

Neysa’s customer base spans financial services, technology, healthcare, and public services, reflecting the growing adoption of AI-driven applications across industries. The latest funding underscores rising investor interest in India’s AI ecosystem and the strategic importance of domestic compute infrastructure.

“Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential ‘picks and shovels’ of AI globally, including in India, a key market for Blackstone,” said Amit Dixit, Head of Asia Private Equity at Blackstone.

He added that Blackstone is well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation.

Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa, said, “India’s AI ambition requires production-grade infrastructure built and operated at scale. Neysa is focused on delivering the execution layer of sovereign compute, as well as AI research enablement and adoption, in alignment with the goals of the IndiaAI Mission.”

The company aims to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. The investment coincides with the AI Impact Summit, reflecting growing global engagement with India’s AI compute landscape, he added.

KPMG served as a financial advisor to Blackstone. Talwar Thakore & Associates (TT&A) served as the legal advisor to Neysa. Trilegal and Gibson, Dunn & Crutcher served as legal advisors to Blackstone.