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Neara raised $31 million in a Series C funding round to enhance its AI-powered predictive modeling software for critical infrastructure.

PRIVATEOct 30, 2024•over 1 year ago

Amount Raised

$31 Million

Round Type

series c

Sydney

Description

Neara, an AI-powered predictive modeling software platform, secured $31 million in a Series C funding round. The funds will be used to accelerate global operations and expand modeling capabilities across various infrastructure sectors.

Company Information

Company

Neara

Location

Sydney, New South Wales, Australia

About

At Neara, we're helping utilities future-proof their infrastructure. We create 3D network-wide models that reflect and simulate how utility assets behave in their real-world environment in any scenario, empowering you to prepare your network for anything — from systematic risks to severe weather and a clean energy future, so you can protect your assets, teams, and communities. Our customers identify and reduce risks 9x faster across a combined territory of >650k square miles and >2.5m assets. Contact the Neara team for a free trial or demo at info@neara.com

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