Neara Hits Unicorn Status With $90M for Disaster-Predicting Digital Twins
Australian infrastructure startup reaches AU$1.1B valuation by helping utilities prepare for catastrophic events.
Neara just joined the unicorn club. The Australian startup pulled in AU$90 million in Series D funding, pushing its valuation to AU$1.1 billion.
The company's pitch? Digital twins of critical infrastructure. Think power grids, utility networks, and the stuff that keeps cities running. Their tech lets operators simulate disasters before they happen and figure out what's going to break.
Major U.S. utilities are already on board. Southern California Edison and CenterPoint Energy count themselves among Neara's customers. Given the increasing frequency of climate disasters hammering power infrastructure, the timing couldn't be better.
The fresh capital should accelerate expansion as utilities worldwide scramble to climate-proof their networks. Building virtual copies of physical infrastructure isn't cheap, but neither is watching it collapse in real time.