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What’s the Moat of Neysa in the World of Yotta?
- Indian AI startup Neysa secured $20 million in seed funding and $30 million in Series-A funding led by NTTVC, Z47, and Nexus Venture Partners in April and October, respectively. Its product, Velocis AI, is an entire AI platform-as-a-service (PaaS), which covers everything from data ingestion to inferencing.
- Neysa embraces an open-source approach, allowing seamless integration with tools like Hugging Face, TensorFlow, and MLFlow. The firm also provides multiple deployment options, including bare-metal servers, virtual machines, and managed services catering to diverse client needs.
- Neysa is able to offer an entire cloud stack, whereas Indian providers are able to leverage existing infrastructure to provide just bare-metal services. Neysa is in talks with Fractal about building something in the insurance sector for clients.
- insurance AI Cloud is the recent announcement of Neysa in partnership with Data Science Wizards, offering an end-to-end cloud platform for insurance companies.
- Aegis, its security platform, will focus on emerging threats unique to the AI landscape. Neysa plans to expand it into a standalone product by early 2025.
- In the future, Neysa wants to launch inference-as-a-service by early 2025, further enhancing its AI lifecycle offerings.
- One of Neysa’s clients witnessed an 18% uptake in persistence, which is one of the crucial factors when implementing AI in the insurance sector.
- Neysa plans to push Aegis, its security platform, which focuses on emerging threats unique to the AI landscape. Aegis provides robust protection measures, ensuring secure AI development and deployment.
- Neysa is able to provide fractional GPUs for small use cases and does not want to get into the legacy GPUs like A100 that other players are still providing or provide consumer-grade GPUs like RTX and GTX.
- Neysa's founder's previous computing space expertise and leadership serve as a moat, along with the company's offering of a comprehensive platform Velocis.
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