Blackstone to invest $1.2 bn in AI cloud startup Neysa

BLACKSTONE-AFFILIATED PRIVATE equity funds and coinvestors have entered into definitive agreements to invest $1.2 billion in Neysa, an artificial intelligence (AI) cloud platform founded by Netmagic's Sharad Sanghi.

- FE BUREAU

This could be one of the largest private capital commitments in the country's AI infrastructure sector.

The deal is structured as $600 million in equity—led by Blackstone with participation from Teachers'Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners— and an additional $600 million in debt financing that Neysa intends to secure on the back of the equity commitment, subject to documentation, the firm said.

The capital is expected to fund the deployment of over 20,000 graphics processing units (GPUs) across India.