U.S. private equity giant Blackstome Neysa has agreed to back Indian AI infrastructure startup in a financing deal that could reach one point two billion dollars.

The move reflects growing investor confidence in India’s ambition to build domestic AI computing capacity.

Blackstone and co-investors plan to inject up to six hundred million dollars in equity, with Neysa also preparing to raise an additional six hundred million dollars in debt.

The funding marks a dramatic scale-up for the Mumbai-based startup, which had previously raised just fifty million dollars.

Neysa operates in the emerging “neo-cloud” segment, offering GPU-first infrastructure tailored to enterprises, government agencies, and AI developers that require local data residency and low latency.

Demand for such services is accelerating as global shortages of AI chips strain traditional hyperscalers.

Blackstone estimates that India currently has fewer than sixty thousand deployed GPUs, a figure expected to grow nearly thirtyfold in the coming years.

This expansion is being driven by regulated industries, public-sector demand, and AI developers building models within the country.

Founded in 2023, Neysa currently operates about twelve hundred GPUs and plans to scale beyond twenty thousand.

The company aims to more than triple its revenue next year as it expands capacity and deepens its role in India’s AI ecosystem.

Source: TechCrunch