Sydney-based energy tech company Neara announced an AUD $90 million Series D funding round led by TCV. Now backed by a total of AUD $180 million to date, Neara will further develop its technology that creates digital twins of critical infrastructure.
The company’s tech creates physics-enabled 3D models of entire infrastructure networks, conducting detailed analysis across integrated systems to provide a contextual view of how infrastructure behaves and responds in various conditions and scenarios. Neara aims to address challenges like the rising energy demands of AI data centers and aging grid infrastructure.
“The world needs faster, more intelligent ways to understand what infrastructure is really capable of and how it behaves in the contexts that matter most,” Jack Curtis, Near’s co-founder and CCO, said in a statement. “Neara grounds every simulation analysis in real-world physics, giving asset owners and operators the confidence to stretch capacity, manage risk, and invest where it matters most for both today’s constraints and the demands of the future.”
Neara will invest the funding in building out its global machine learning and AI engineering talent base and expanding its international commercial footprint.
