Neara, a Sydney, Australia-based provider of an AI-powered predictive modeling software platform for critical infrastructure, raised US$31M in Series C funding.
The round was led by EQT, with participation from Partners Group and Square Peg Capital, with additional support from existing investors Skip Capital and Prosus Ventures.
The company intends to use the funds to accelerate its global operations.
Neara provides AI-assisted predictive modeling software that helps infrastructure owners drive critical proactive decisions by conducting precise analyses in hours and days that would otherwise take months or years in the field. Network-wide simulation analyses reveal how assets behave in real-world environments during any scenario, empowering better, faster, more cost-effective decisions. The model supports end-to-end network governance, from routine operational decisions to emergency scenarios and major grid-hardening investments, without verification from manual surveys.
Neara is already supporting broadband infrastructure projects in the US, helping providers fast-track efforts to connect underserved communities.
FinSMEs
30/10/2024