# Neara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neara

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.neara.com/
- Total disclosed funding: $138M
- Latest round: Series D (Feb 9, 2026)
- Investors on record: 18

## About

Based in New South Wales, Australia, and founded in 2016, LineSoft Pty Ltd, formerly known as Power Lines Pro and doing business as Neara, operates a cloud-based enterprise platform that allows electricity distributors and transmitters to design, simulate and manage their assets through 3D digital twin modeling, which combines physics, engineering, and machine learning. The company was founded by Daniel Danilatos and is backed by the recent Series A round investors Square Peg Capital, Skip Capital, and Grok Ventures. In February 2026, Neara raised AUD 90 million in series D funding led by TCV, with participation from Partners Group, EQT, Square Peg and Skip Capital.

Neara offers three products namely Neara Designer, Neara Analytics, and Neara Point Cloud. Neara Designer accelerates the design process to build cloud-based engineering-grade 3D models of network assets while Neara Analytics conducts network-wide scenario analysis for data-driven decisions across companys' asset management, operations, and planning. Neara Point Cloud creates a customized end-to-end solution for point-cloud data in one platform.

The company generates revenue through service fees and subscriptions from clients mainly utility and electricity companies. 

The company plans the February 2026 funding to advance the deployment of its digital twin technology, which merges internet-of-things data and artificial intelligence to build 3D models of power grids.

## Funding rounds

- Series D, Feb 9, 2026, $62M — EQT, TCV, Partners Group, Square Peg, Skip Capital
- Series C, Oct 31, 2024, $45M — EQT, Partners Group, Square Peg, Prosus Ventures, Skip Capital
- Series B, Aug 18, 2023, $9.8M — Perpetual Limited, Square Peg, Prosus Ventures, Skip Capital, Helix Collective, Globosafe International Limited, Dreamers Holdings Pty Limited
- Series B, May 24, 2022, $14M — Square Peg, OIF Ventures, Skip Capital
- Series A, Dec 17, 2020, $5.5M — Square Peg, Grok Ventures, OIF Ventures, Skip Capital, Liquidity Capital, Orda Investments Pty Limited, Barrijag Pty Ltd, Adam Schuck Pty Ltd, Ab2C Investments Pty Ltd, Globosafe International Limited, Dreamers Holdings Pty Limited
- Seed, Dec 13, 2018, $1.2M — Grok Ventures, Liquidity Capital, Polipo Ventures, Barrijag Pty Ltd, Adam Schuck Pty Ltd, Ab2C Investments Pty Ltd, Globosafe International Limited, Dreamers Holdings Pty Limited

## Investors

- Grok Ventures — Seed, Series A
- Liquidity Capital (https://capitalatlas.ai/funds/liquidity-capital) — Seed, Series A
- Polipo Ventures (https://capitalatlas.ai/funds/polipo-ventures) — Seed
- Barrijag Pty Ltd — Seed, Series A
- Adam Schuck Pty Ltd — Seed, Series A
- Ab2C Investments Pty Ltd — Seed, Series A
- Globosafe International Limited — Seed, Series A, Series B
- Dreamers Holdings Pty Limited — Seed, Series A, Series B
- Square Peg (https://capitalatlas.ai/funds/square-peg) — Series A, Series B, Series C, Series D
- OIF Ventures (https://capitalatlas.ai/funds/oif-ventures) — Series A, Series B
- Skip Capital (https://capitalatlas.ai/funds/skip-capital) — Series A, Series B, Series C, Series D
- Orda Investments Pty Limited — Series A
- Perpetual Limited — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B, Series C
- Helix Collective (https://capitalatlas.ai/funds/helix-collective) — Series B
- EQT (https://capitalatlas.ai/funds/eqt) — Series C, Series D
- Partners Group (https://capitalatlas.ai/funds/partners-group) — Series C, Series D
- TCV (https://capitalatlas.ai/funds/tcv) — Series D