Neara, an Australian startup specializing in digital models of power networks, has secured more than $60 million in fresh funding to accelerate its expansion. The investment comes as data centers and renewable energy projects place unprecedented strain on aging electricity grids worldwide.

The capital injection will help Neara scale its technology that creates detailed digital twins of power infrastructure. These digital models allow utilities to simulate and optimize grid performance, addressing the growing complexity from new energy sources and massive data center deployments. The company's software helps identify vulnerabilities and plan upgrades before physical work begins.

As electricity demand surges from AI-driven data centers and the shift to renewable energy, traditional grid planning methods struggle to keep pace. Neara's technology offers a solution by enabling faster, more accurate infrastructure planning. The funding round underscores investor confidence in grid modernization solutions as critical infrastructure faces mounting pressure from the digital economy's rapid expansion.