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 $125.74 million across 5 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
$125.74 M (USD)
in 5 rounds
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Latest Funding Round
$63.49 M (USD), Series D
Feb 10, 2026
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Investors
EQT
& 6 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.
Digital twin software is used for network simulation.
Asset management solutions are provided for utility networks.
Vegetation risks are managed for utility network safety.
People of Neara
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Funding Insights of Neara
Neara has successfully raised a total of $125.74M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $63.49 million completed in February 2026. 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 5
- Last Round Series D — $63.5M
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First Round
First Round
(20 Apr 2021)
- Investors Count 7
Investors in Neara
Neara has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include EQT, Prosus and Partners Group.
| 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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Private equity funds are managed across multiple sectors globally.
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Venture capital fund investing in seed & early-stage startups
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Investments & Acquisitions by Neara
Financial Statements - Neara
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sensorless AI-powered energy monitoring solutions are provided.
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| domain | founded_year | HQ Location |
Provider of AI-enabled grid monitoring technology and energy management solutions
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| domain | founded_year | HQ Location |
Energy monitoring and smart grid control solutions are provided.
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| domain | founded_year | HQ Location |
Automated inspection software for overhead lines is provided using drones.
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| domain | founded_year | HQ Location |
Offers software solutions for power grid monitoring, planning, and optimization.
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Latest news on Neara
Frequently Asked Questions about Neara
Neara was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Neara is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Daniel Danilatos is the current CEO of Neara. They have also founded this company.
Neara is a funded company, having raised a total of $125.74M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Apr 20, 2021.
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.
Neara's top competitors include TIBO Energy, Enline and Awesense.
Neara offers Neara Platform, Digital Asset Management, and Vegetation Management.
Neara has 7 investors. Key investors include EQT, Prosus, Partners Group, Square Peg Ventures, and Skip Capital.