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Power grid digital twin startup charges up on $45 million Series C

  • Energy sector digital twin startup Neara has raised $45 million in a Series C funding round.
  • The round was led by Swedish private equity firm EQT and Swiss infrastructure business Partners Group.
  • Neara uses AI and machine learning to create dynamic 'digital twins' of infrastructure networks, enabling utilities to optimize existing networks and integrate renewables more efficiently.
  • The funding will be used for further expansion in the US and Europe.

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