Mumbai, Oct. 5 -- Neysa, an Indian artificial intelligence (AI) cloud platform, is in the process of raising a $200 million tranche led by Blackstone and other existing investors, as a part of its larger $1.2 billion round, two people familiar with the matter said.

Blackstone is investing close to $150 million, while the remaining is expected to come from other investors including OTPP, TVS Capital, Nexus Venture Partners and 360 ONE Asset, the people said. The valuation details were not known immediately.

Blackstone and Neysa declined to comment, while the others did not respond to Mint's emails till the time of publishing.

The funds are expected to provide material impetus to Neysa's planned scale-up and deployment of over 20,000 gra...