Neara
Digital twin startup Neara raises $63M to help power companies cope with AI's energy demands.
About
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.
Key facts
- Headquarters
- Sydney, Australia
- Founded
- 2016
- Total funding
- $63M (Series D)
- Valuation
- Private
- Business model
- B2B
- Tags
- EnterpriseAISaaS
Funding rounds
Frequently asked
What does Neara do?
The 3D models help mimic real-world conditions, identify underutilized capacity, respond to incidents like storms and fires, and plan grid expansion, saving costs on human inspections and enhancing safety.
How much funding has Neara raised?
Neara has raised a total of $63M in funding. The most recent round on record is Series D.