Bangalore, November 21, 2023.
NeevCloud, has today announced the launch of the country’s first AI SuperCloud. The company aims to make India self-reliant on AI and Supercomputing and help users in resolving India’s core challenges by deploying AI cloud infrastructure including 40,000 GPUs and storage worth $1.5 billion by 2026.
MeitY’s India AI 2023 report expects AI to add USD 967 billion to the Indian economy by 2035 and $450-500 billion by 2025 accounting for 10% of the $5 trillion GDP target by 2027. MSMEs are expected to be the major contributors to the growth in India, however there are challenges in terms of affordability, billing, transparency, and personalized support.
NeevCloud aims to solve these challenges and democratize access to AI and supercomputing for all enterprises, startups by introducing ‘AI Supercomputing as a Service’ model and providing the world’s lowest prices for Cloud GPUs at $1.69/hour reducing costs by up to 50%. It can enable companies to leverage Generative AI and deploy Large Language Models (LLM) across various use cases capable of solving India’s unique challenges.
About the launch, Narendra Sen, Founder & CEO, NeevCloud, said, “At NeevCloud, we envision a future where India not only leads but empowers the world with innovative technology. Our mission is to democratize AI cloud computing, making it accessible to all enterprises and startups across India, and fostering the growth of Made in India AI. Our AI SuperCloud stands as a testament to Indian innovation, and we believe our journey has the potential to power not only our nation, but users across the world who need cutting-edge but affordable cloud solutions to power their AI and ML workloads. Our aim is to create next-generation cloud infrastructure in India that will fuel the vision of making India into a $5 trillion economy.”
According to IDC, India’s public cloud services market is expected to reach $17.8 billion by 2027, and NeevCloud aims to secure a 25% market share.
“The growth of AI and Generative AI applications and high-performance cloud computing is adding to the increasing demand for data centers in India that can support these workloads. The data center industry is evolving to provide specialised solutions to meet these demands driven by AI, cloud computing, and digital transformation. Rearchitecting the data center industry to meet these needs can lead to better optimization and value creation in the data center industry,” said Rachit Mohan, APAC Lead, Data Center Leasing & India Lead, Data Center Transactions, JLL.
