India, Feb. 8 -- US-based CoreWeave started publicly trading on the American stock exchange Nasdaq last year in March. By raising $1.5 billion in its share sale, at the time it became the biggest tech IPO in the US since 2021. The company is part of a wave of large infrastructure players now being called neoclouds.

Broadly speaking, neocloud companies are cloud providers that specialise in supporting AI workloads by offering compute infrastructure in the form of GPU-as-a-service (GPUaaS). In India too, the neocloud market is seeing significant growth.

Players like Yotta Data Services, NxtGen, NeevCloud, and E2E Networks are some of the noteworthy names that are vying for the neocloud opportunity.

GPUs or graphic processing units are ce...