Disruptive equity firm Blackstone has invested in Indian AI infrastructure startup Neysa, which is seeking $1.2 billion in funding. Blackstone and Nexus Venture Partners have committed $600 million, with the remaining $600 million to be acquired through debt. Neysa plans to use the funds to expand its GPU computational power services, offering cheaper alternatives to broad cloud providers like Microsoft Azure, as India’s AI sector sees significant growth.
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Blackstone helps Indian AI company Neysa with funding
Disruptive equity firm Blackstone has invested in Indian AI infrastructure startup Neysa, which is seeking $1.2 billion in funding. Blackstone and Nexus Venture Partners have committed $600 million, with the remaining $600 million to be acquired through debt. Neysa plans to use the funds to expand its GPU computational power services, offering cheaper alternatives to broad cloud providers like Microsoft Azure, as India’s AI sector sees significant growth.