Neysa founder and CEO Sharad Sanghi / Photo credit: Neysa

India’s service industry contributes over 50% to the country’s GDP, and the IT sector plays a significant role within it. But as the world catches up with generative AI, the sector must also gear up with new solutions – some of the country’s top IT firms are training as many as 400,000 employees in AI-specific roles.

One player eyeing this space is Neysa, an India-based AI cloud and platform-as-a-service startup. The company has landed US$20 million in seed funding in a round led by Matrix Partners India, Nexus Venture Partners, and NTTVC.