In a notable development, Sharad Sanghi, a distinguished figure in India’s data center industry, has embarked on a new venture in the realm of Generative AI with his startup, Neysa. Positioned as India’s premier AI and cloud platform as a service startup, Neysa sets out to provide a wide array of Generative AI services and solutions. The company recently secured a substantial $20 million in seed funding, with major contributions from Matrix Partners India, Nexus Venture Partners, and NTTVC.
Sharad Sanghi, renowned as the founder of Netmagic, brings his wealth of experience and expertise to Neysa, with a primary focus on Generative AI projects. Neysa aims to address the gap in enterprise applications by offering low code no code solutions for AI integration, while also exploring the realm of cybersecurity solutions for businesses utilizing Gen AI applications in the future.
The founder, Sanghi, remains optimistic about Neysa’s value proposition amidst a competitive landscape. Even prior to the official announcement of the seed funding, Neysa had received considerable interest for upcoming funding rounds, with Sanghi anticipating a potential $100 million raise in the subsequent round. The infusion of capital will primarily bolster Neysa’s infrastructure and expedite research and development efforts.
With an innovation-centric approach, Neysa plans to leverage its funding to bring about revolutionary changes in the industry, delivering tangible outcomes for its clientele. The company’s end-to-end Generative AI platform and AI-engineered Observability Platform hold the promise of offering robust solutions that fuel business expansion. Sharad Sanghi, Founder and CEO of Neysa, underscores the company’s commitment to pushing the boundaries of innovation and aiding clients in harnessing the potential of AI.
Anindya Das, Neysa’s CTO, highlights the transformative impact of AI and cloud solutions and the company’s vision of democratizing AI. By enabling businesses of all sizes to seamlessly adopt AI integration, Neysa envisions a future where technological interactions are intuitive, reshaping the operational landscape of enterprises.
Notably, industry experts have expressed keen anticipation towards Neysa’s launch. Avnish Bajaj, Managing Director at Matrix Partners India, extolled the privilege of collaborating with Sharad and the Neysa team, emphasizing the rising demand for AI-native cloud computing proficiency globally, particularly in India, and lauding Neysa as the frontrunner in fulfilling this demand.
With Neysa spearheading AI and cloud innovation, the industry stands on the brink of a promising future. The company’s visionary leadership, complemented by its emphasis on research and development, infrastructure expansion, and customer-centric solutions, positions Neysa as a pivotal player in reshaping the business-technology dynamic.
FAQ
The source of the article is from the blog oinegro.com.br