Neara's AI-assisted predictive modeling software 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's technology has modeled >1.5 million square miles of global network territory featuring ~10 million assets, across four continents from California to Ireland and Australia. Neara's utility customers identify outage risks 9x faster, restore power 3x faster, and save thousands of field visits per year.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/31/24 | $31,000,000 | Series C |
EQT Partners Group Prosus Ventures Skip Capital Square Peg Capital | undisclosed |
