Neara
Digital twin startup Neara raises $63M to help power companies cope with AI's energy demands.
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What does Neara do?
Neara, officially known as LineSoft Pty Ltd., is an Australian startup that creates digital twins of power grids. Their technology combines "Internet of Things" sensors with AI to build 3D replicas of real-world power grids and infrastructure. Energy providers use this software to understand grid behavior, respond to scenarios, identify improvements, and gain efficiencies. The 3D models help mimic real-world conditions, identify underutilized capacity, respond to incidents like storms and fires,…
How much funding has Neara raised?
Neara has raised a total of $63M in funding. The most recent round on record is Series D.
Where is Neara headquartered?
Neara is headquartered in Sydney, Australia.
When was Neara founded?
Neara was founded in 2016.
What industry does Neara operate in?
Neara operates in Enterprise, AI, SaaS.