Blackstone and co-investors have raised $1.2 billion in capital for Neysa, an Indian AI acceleration cloud platform, to support its growth and deployment of over 20,000 GPUs, capitalizing on the increasing demand for AI infrastructure in the country.

Information on the target

Neysa, founded in 2023, is a rapidly growing Artificial Intelligence acceleration cloud platform based in India. The Company specializes in designing and developing AI systems that are deployed and operated within the country. Neysa offers purpose-built and cost-effective GPU-based AI infrastructure, enabling enterprises and institutions to train, fine-tune, and deploy AI workloads efficiently. Its diverse customer base spans various industries, including financial services, technology, healthcare, and public services.

Recently, Neysa announced a significant capital raise of $1.2 billion, facilitated by private equity funds affiliated with Blackstone and co-investors. This investment includes equity capital of up to $600 million, which will be complemented by an additional $600 million in debt financing, subject to documentation. The funding aims to accelerate Neysa's growth and support its ambitious plans to deploy over 20,000 GPUs in India, thereby contributing to the country's AI revolution.

Industry overview in the target’s specific country

The AI industry in India is experiencing rapid growth, driven by increasing demand for AI solutions across various sectors. As organizations seek to enhance operational efficiency and drive innovation, the need for robust AI infrastructure ha