About Neara
Neara is a company based in Sydney (Australia) founded in 2016 by Daniel Danilatos. It operates as a SaaS (Software-as-a-Service), and Professional Services. Neara has raised $62.25 million across 4 funding rounds from investors including EQT, Prosus and Partners Group. Neara offers products and services including Neara Platform, Digital Asset Management, and Vegetation Management. Neara operates in a competitive market with competitors including Enline, Awesense, TIBO Energy, LINIA and GridData, among others.
- Headquarter Sydney, Australia
- Founders Daniel Danilatos
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Linesoft Pty Ltd T/A Neara
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.25 M (USD)
in 4 rounds
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Latest Funding Round
$31 M (USD), Series C
Oct 31, 2024
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Investors
EQT
& 5 more
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Employee Count
Employee Count
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Products & Services of Neara
Neara offers a comprehensive portfolio of products and services, including Neara Platform, Digital Asset Management, and Vegetation Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital twin software is used for network simulation.
Asset management solutions are provided for utility networks.
Vegetation risks are managed for utility network safety.
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Funding Insights of Neara
Neara has successfully raised a total of $62.25M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $31 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $31.0M
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First Round
First Round
(20 Apr 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Neara | Valuation | EQT | |
| Sep, 2023 | Amount | Series B - Neara | Valuation | Prosus | |
| May, 2022 | Amount | Series B - Neara | Valuation | Skip Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neara
Neara has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include EQT, Prosus and Partners Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location | |
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Venture capital fund investing in seed & early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neara
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Neara
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neara Comparisons
Competitors of Neara
Neara operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enline, Awesense, TIBO Energy, LINIA and GridData, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Energy monitoring and smart grid control solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neara
Frequently Asked Questions about Neara
When was Neara founded?
Neara was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Neara located?
Neara is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Neara?
Daniel Danilatos is the current CEO of Neara. They have also founded this company.
Is Neara a funded company?
Neara is a funded company, having raised a total of $62.25M across 4 funding rounds to date. The company's 1st funding round was a Series B of $14M, raised on Apr 20, 2021.
What does Neara do?
Neara is focused on delivering physics-enabled digital twin software tailored for utilities and EPCs. Solutions are developed to enhance network governance through predictive modeling and simulation. Key areas include digital asset management, vegetation management, and weather resilience for grid hardening. The platform is utilized to simulate severe weather impacts, optimize transmission design, and support renewable energy integration. Services are extended to address wildfire, hurricane, flood, and snow management challenges. Network digitization and LiDAR reconciliation are also provided to ensure accurate data for utility networks globally.
Who are the top competitors of Neara?
Neara's top competitors include TIBO Energy, Enline and Awesense.
What products or services does Neara offer?
Neara offers Neara Platform, Digital Asset Management, and Vegetation Management.
Who are Neara's investors?
Neara has 6 investors. Key investors include EQT, Prosus, Partners Group, Square Peg Ventures, and Skip Capital.
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