Blackstone to Invest Up to $1.2B in Neysa (NEYS) as AI Compute Capacity Expansion Accelerates

Blackstone Private Equity and co-investors including Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners have agreed to invest up to $600 million in primary equity in Neysa (NEYS), giving Blackstone a majority stake. Neysa plans an additional $600 million in debt financing to expand GPU capacity, sharply increasing from its prior $50 million raised. Neysa, a Mumbai-based provider of GPU-first AI infrastructure for enterprises, government agencies, and AI developers in India, currently has about 1,200 GPUs live and plans to scale to over 20,000. The investment comes as India’s AI compute demand is expected to grow from fewer than 60,000 GPUs to over two million, driven by government contracts, local data residency needs, and AI model training within the country. “We are seeing a demand that we will more than triple our capacity next year,” said Neysa co-founder and CEO Sharad Sanghi. “The bulk of the new capital will be used to deploy large-scale GPU clusters, with a smaller portion allocated to R&D and software platforms for orchestration, observability, and security.”