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Al firm Neysa to raise $1.2 bn from Blackstone, others
Mint Hyderabad
|February 16, 2026
Proposed tax holiday until 2047 for cloud services is a primary driver for the expansion plan
Sharad Sanghi, co-founder and chief executive officer, Neysa.
Global private equity firm Blackstone, along with other investors, has acquired a majority stake in India's artificial intelligence (AI) cloud platform Neysa as the company seeks to raise $1.2 billion in a mix of debt and equity to fund its expansion plans.
The company has raised $600 million in equity capital, and Neysa is seeking to secure an additional $600 million in debt financing led by Blackstone. Other equity investors in this transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets and Nexus Ventures.
The funds will be used to accelerate the company's growth trajectory and provide a material impetus to Neysa's planned scale-up and deployment of over 20,000 graphics processing units (GPUs) in India, as demand for AI-led services heats up.
This story is from the February 16, 2026 edition of Mint Hyderabad.
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