Neara secured A$20 million in its Series B funding round to advance its innovative digital twin technology for critical infrastructure management, with backing from prominent investors.

Target Information

Neara is a cutting-edge technology company specializing in the creation of interactive, engineering-grade 3D models, known as "digital twins," of critical infrastructure assets. Since its inception, Neara has established itself as a leader in the field, providing asset owners with the tools they need to effectively manage and assess the resiliency of their assets amidst increasing environmental challenges. The company's innovative platform allows users to simulate real-world scenarios, evaluate risks, and make informed decisions regarding infrastructure management.

Founded by Daniel Danilatos, a former Software Engineer involved in the creation of Google Maps, Neara has consistently attracted attention for its pioneering approach to infrastructure maintenance. The company has collaborated with various energy distributors, including Ausgrid and Endeavour Energy, enhancing their operational efficiency by reducing the need for on-site inspections and allowing for better management of risks associated with extreme weather events.

Industry Overview

In Australia, the infrastructure sector is facing significant pressure due to heightened regulatory and operational demands. Owners of infrastructure assets are compelled to adhere to strict liability standards while managing the aging condition of their assets. The growing freq