Mumbai: AI cloud and platform-as-a-service (PaaS) startup Neysa on Wednesday stated it has raised $20 million (almost Rs 166 crore) led by Matrix Companions India, Nexus Enterprise Companions and NTTVC funding corporations.
The funding will assist drive the Generative AI cloud platform as a service and observability for corporations in India and world markets, stated the startup, co-founded by Sharad Sanghi (CEO) and Anindya Das (CTO).
“Our objective is to leverage this funding to push the boundaries of innovation, aiding our purchasers with the ability of our end-to-end Generative AI PaaS ecosystem and our AI-engineered Observability Platform”, stated Sanghi.
Neysa is planning to launch its providers within the third quarter (Q3) this 12 months.
“This funding boosts our mission to democratise AI, empowering corporations of all sizes to ignite innovation and drive progress,” stated Das.
Neysa stated it would assist enterprises hold management of their information and mental property.
“Enterprises globally, and much more so in India, are longing for experience in serving to them transition to AI native cloud computing and there’s no higher and extra skilled workforce in India for them to associate with,” stated Avnish Bajaj, MD, Matrix Companions India.
