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Source: cision | Published on: Tuesday, 21 November 2023
BANGALORE, India, Nov. 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.
Unlocking Opportunities with NeevCloud
NeevCloud began its journey by solving a fundamental issue plaguing the data center industry when it came to AI and HPC workloads. Existing data center infrastructures are inefficient at handling demanding workloads of AI, ML, and HPC projects, which can consume up to a staggering 80KwH of power, starkly contrasting the typical 10-20KwH of power used for regular workloads. This power-intensive environment leads to excessive heat generation, causing operational complications, and rising operating costs.
To tackle this problem, NeevCloud created an entirely indigenous patented solution: Varuna, a groundbreaking liquid immersion cooling system. Varuna's technology efficiently addresses high rack density heat concerns by submerging servers in a coolant, resulting in a remarkable reduction of Power Usage Effectiveness (PUE) from 1.5 to 1.05, achieving exceptional sustainability. This not only resolved the heat issue but also had a cascading effect, reducing cooling costs by an astounding 90% and overall expenses by a significant 50%.
NeevCloud can also enable confidential machine learning by creating SuperClusters that directly allocate to the BFSI, automotive, and healthcare organizations. It has the potential to assist businesses of all scales, research institutions, and diverse industries in advancing their AI strategies.
NeevCloud aims to solve fundamental customer problems in India related to accessibility, environmental impact, support, self-reliance, and fostering innovation in cloud and AI technologies within the Indian market. It can help companies accelerate the development of high-performance computing use cases of AI/ML like fraud detection, algorithmic trading and risk modeling in the financial services industry; high-resolution medical imaging, genomics and sequencing, and drug discovery in the healthcare industry. In the automotive industry, it can facilitate the development of autonomous driving, design and manufacturing, and predictive maintenance.
Made in India, Made for the World
NeevCloud isn't just redefining India's technological landscape; it's reshaping the future. With results delivered at 10x speed which is possible with NeevCloud's AI SuperCloud and a 50% cost reduction, the lowest in the world for Cloud GPUs. NeevCloud leverages Tier IV data centers and also focuses on reducing carbon emissions. Moreover, it sets itself apart with round-the-clock personalized human support, transparent billing practices, and a robust arsenal of enterprise-grade hardware.
Leading the Charge for Sustainability
NeevCloud remains committed to sustainability and helping clients meet their ESG goals. It operates its data centers using clean energy and striving towards clean and carbon-neutral operations. NeevCloud aims to set up data centers in Mumbai, Chennai, Hyderabad, and Noida and plans to achieve 100% clean energy across all of them.
About NeevCloud
Established by a passionate and driven team of Indian cloud experts, with two decades of experience in the cloud industry, NeevCloud stands as India's first AI SuperCloud. Envisioning a future where India is self-reliant in cloud and AI technology, NeevCloud is on a mission to empower 'Made in India' AI, extending the reach of AI cloud computing to enterprises and startups across the nation.
NeevCloud offers a comprehensive suite of services, encompassing accelerated AI cloud clusters, each meticulously designed to meet the intricate IT demands of government entities, large and small enterprises, research pioneers, and a wide array of industries. Its foundation rests upon cutting-edge technology, including the deployment of advanced GPUs, coupled with an entirely indigenous innovation, the Varuna liquid immersion cooling system. NeevCloud is unwavering in its commitment to sustainability, operating its data centers using clean energy and striving towards clean and carbon-neutral operations.
The company is aligned with the country's Digital India, Make in India, and Aatmanirbhar Bharat initiatives and India's goal of becoming self-reliant in the cloud.
Media Contacts:
Komal Chawla
komal.chawla@archetype.co
+91 9082064540
Shreya Laghate
shreya.laghate@archetype.co
+91 8600909703
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