Swedish private equity giant EQT – one of the world’s biggest buyout firms – is a lead investor in a $45 million funding round at Australian AI infrastructure start-up Neara.
The company uses AI to create a working digital replica of critical infrastructure for power companies, so they can foresee and analyse any problems, and counts Essential Energy, Ausgrid, Endeavour Energy, Powercor, and SA Power Networks among its Australian customers.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
