In a groundbreaking move, Sharad Sanghi, a pioneer in India’s data centre sector, is now venturing into the realm of Gen AI with his latest startup, Neysa. This exciting new venture aims to become India’s first AI and cloud platform as a service startup, offering a comprehensive suite of Generative AI services and solutions. Neysa has recently secured an impressive $20 million in a seed funding round led by Matrix Partners India, Nexus Venture Partners, and NTTVC.
Sharad Sanghi, the founder of Netmagic, a prominent data centre company, brings his extensive experience and expertise to Neysa. With its focus on Generative AI projects, Neysa aims to bridge the gap in enterprise applications and provide customers with low code no code solutions for their AI integration needs. Additionally, Neysa plans to venture into cybersecurity solutions for enterprises using Gen AI applications in the future.
Sanghi expressed his confidence in Neysa’s value proposition, despite the competitive landscape. Even before the seed round funding was officially announced, Neysa had already garnered significant interest for future funding rounds, with Sanghi predicting a potential $100 million raise in the next round. The infusion of capital will primarily be allocated to expanding Neysa’s infrastructure and accelerating research and development initiatives.
With a focus on innovation, Neysa plans to leverage its funding to revolutionize the industry and provide tangible outcomes for its clients. The company’s end-to-end Generative AI platform and AI-engineered Observability Platform promise to deliver powerful solutions that drive business growth. Sharad Sanghi, Founder and CEO of Neysa, emphasized the company’s commitment to pushing the limits of innovation and assisting clients in harnessing the power of AI.
Anindya Das, the CTO of Neysa, highlighted the transformative potential of AI and cloud solutions and the company’s mission to democratize AI. By empowering companies of all sizes to embrace AI integration seamlessly, Neysa envisions a future where technology interaction is intuitive and fundamentally changes the way businesses operate.
Industry experts have also expressed their excitement about Neysa’s launch. Avnish Bajaj, Managing Director of Matrix Partners India, emphasized the privilege of partnering with Sharad and the Neysa team. He acknowledged the growing demand for AI-native cloud computing expertise among enterprises globally, particularly in India, and praised Neysa as the leading team to address this need.
With Neysa at the forefront of AI and cloud innovation, the future of the industry looks promising. The company’s visionary leadership, combined with its focus on research and development, infrastructure expansion, and customer-centric solutions, positions Neysa as a key player in transforming the way businesses interact with technology.
FAQ
What is Generative AI?
Generative AI refers to the use of machine learning algorithms to create new, original content or generate innovative solutions. It goes beyond traditional AI techniques by enabling AI systems to produce outputs without explicit instructions, simulating creative thinking.
What are Low Code No Code solutions?
Low Code No Code solutions, often abbreviated as LCNC, are tools and platforms that allow users to create applications and software with minimal coding skills or without writing any code at all. These solutions simplify and accelerate the development process, making it accessible to a broader range of users.
How does Neysa plan to revolutionize AI integration?
Neysa aims to revolutionize AI integration by offering a comprehensive suite of Generative AI services and solutions. Through its end-to-end Generative AI platform and AI-engineered Observability Platform, Neysa promises to deliver powerful and tangible outcomes for businesses, driving innovation and growth.
What are the future plans of Neysa?
Neysa plans to utilize its recent funding to expand its infrastructure and accelerate research and development initiatives. The company also intends to venture into cybersecurity solutions for enterprises using Gen AI applications, further diversifying its offerings.
The data centre industry is a crucial part of the technology landscape, serving as the backbone for various digital services and applications. With the rise of artificial intelligence (AI), companies are now exploring ways to integrate AI into their operations, which has led to the emergence of new startups like Neysa.
Neysa aims to become India’s first AI and cloud platform as a service startup, offering a suite of Generative AI services and solutions. Generative AI refers to the use of machine learning algorithms to create new, original content or generate innovative solutions. Unlike traditional AI techniques, Generative AI enables AI systems to produce outputs without explicit instructions, simulating creative thinking.
One of the main objectives of Neysa is to bridge the gap in enterprise applications by providing low code no code solutions for AI integration. Low Code No Code solutions are tools and platforms that allow users to develop applications and software with minimal coding skills or without writing any code at all. By making AI integration more accessible, Neysa aims to democratize AI and empower companies of all sizes to leverage its potential.
In addition to its focus on Generative AI, Neysa also plans to venture into cybersecurity solutions for enterprises using Gen AI applications. As AI becomes more integrated into various industries, cybersecurity becomes an essential aspect to safeguard sensitive data and protect against potential risks.
Neysa’s recent seed funding round of $20 million, led by Matrix Partners India, Nexus Venture Partners, and NTTVC, demonstrates the industry’s confidence in the company’s value proposition. The funding will be primarily allocated to expanding Neysa’s infrastructure and accelerating research and development initiatives. Sharad Sanghi, the founder and CEO of Neysa, predicts a potential $100 million raise in the next funding round, indicating substantial interest in the company’s future growth.
With its visionary leadership, focus on innovation, and commitment to assisting clients in harnessing the power of AI, Neysa is positioned as a key player in transforming the way businesses interact with technology. Industry experts have expressed excitement about Neysa’s launch, recognizing the growing demand for AI-native cloud computing expertise among enterprises globally.
As Neysa continues to revolutionize AI integration and offers powerful and tangible outcomes for businesses, the future of the industry looks promising. The company’s comprehensive suite of Generative AI services and solutions, combined with its customer-centric approach, positions Neysa as a trailblazer in driving innovation and reshaping how businesses operate in the AI era.
For more information about Neysa and its services, visit their official website: Neysa