Neara is a Sydney-founded software company that builds physics-enabled digital twins of utility networks. By combining LiDAR, satellite imagery, sensor data, AI and engineering-grade physics simulation, it creates geometrically accurate 3D replicas of power grids so utilities can model how their assets behave under real-world stress - wildfires, floods, storms, heat and rising demand. The platform lets operators find spare grid capacity, mitigate risk, plan maintenance and connect renewables faster, often replacing months of manual field inspection with analysis that runs in minutes. In February 2026 Neara raised an AUD $90 million Series D, reaching a roughly AUD $1.1 billion valuation to become one of Australia's newest unicorns.
GridCARE is a Redwood City, California company that uses generative AI to find hidden capacity inside the existing electric grid - turning data-center 'time-to-power' from a 5-to-7-year wait into 6-to-12 months. Founded in 2024 by Amit Narayan with co-founders from Stanford, the company is building what it calls 'power acceleration for AI,' partnering with utilities like National Grid and Portland General Electric and counting Sutter Hill Ventures, Xora, Emerson Collective and John Doerr among its backers.