Australia’s Neara announces a AUD$10M capital raise extension putting its total funding at AUD$24M

Neara, which is an infrastructure modeling platform that employs AI to create models for simulations and analytics has raised $10 million (~US$6.35 million) with funding from Dutch VC Prosus Ventures, placing its Series B total funding at $24 million (~US$15.23 million). Neara provides tools that allow engineers and others to optimize and manage large infrastructure by offering simulations that illustrate risks of extreme climate conditions.