Tracxn Includes VIA in “Top Renewable Energy Tech” List

Tracxn, a market research platform that tracks startups, private companies, and innovative sectors, has included VIA for the second time this year in one of its 2020 Emerging Startups lists. In January, VIA earned a spot on their “Top Emerging Blockchain Startups” list. This time, VIA is among nine companies in the “Top Renewable Energy Tech” list and is again considered a “Minicorn.”

Tracxn describes what it means to be one of their Emerging Startups:

Tracxn Emerging Startups provides a handpicked selection of high growth and high potential companies, founded since 2013, that are making an impact in the new-age sectors. The shortlisting is based on a combination of multiple publicly available signals and detailed analysis of the company by our internal sector specialist teams. The companies that make the cut are the ones that show promising performance on multiple parameters – market size, investment by marquee investors, execution excellence and future growth prospects.”

For more on the “Top Renewable Energy Tech” list, visit the Tracxn website.

 

Kate Ravanis Interviewed for Profile of a Founder Blog

VIA’s Chief Operating Officer and Co-Founder, Kate Ravanis, was interviewed by The Tech Tribune for its Profile of a Founder blog. The blog features founders of companies selected by The Tech Tribune as the “Best Tech Startups,” from cities in the US. VIA was included as one of eight companies on the 2020 Best Tech Startups in Somerville list.

In the interview, Kate gives some insight on how VIA got its start, challenges along the way, and what the future holds for the company. She also gives some thoughtful advice for aspiring entrepreneurs:

“We have lots of values at VIA that I live by every day. I think the one that is most important and has made the most impact on my career is “love in = love out”. The idea behind the value is if you love what you do, it will show in all your interactions with colleagues, clients, and work. There are so many challenges that you will encounter on your journey, and it is often hard to see how you will get beyond them. I have found just focusing on the things that I truly believe in and the reasons that got me started in the first place have translated to stronger partnerships, customer relationships, and ultimately a team of colleagues who will stick by you until you come out successful on the other side.”

For the full interview, check out The Tech Tribune’s blog.

The Tech Tribune Includes VIA in 2020 Best Tech Startups in Somerville

VIA is pleased to share that we have been included in The Tech Tribune’s 2020 Best Tech Startups in Somerville list. The list includes eight startups in Somerville with solutions that range from 3D printing to 360 degree smart video conferencing cameras to software for the rental real estate market.

According to the Tech Tribune, there were four factors in deciding the top startups including (1) revenue potential, (2) leadership team, (3) brand / product traction, and (4) competitive landscape. 

For the full list of startups, check out their website.

 

VIA Selected as a Finalist for EPRI’s Incubatenergy Labs Challenge

VIA is pleased to share that we have been selected as one of 17 companies, out of over 130 applicants, for the next round of EPRI’s Incubatenergy Labs Challenge. As part of being a finalist in the program, VIA will participate in Challenge Pitch Day in the beginning of April.

Incubatenergy Labs was created to connect innovative startups in the energy space with major utilities for demonstration projects. Erik Steeb, who leads the Incubatenergy Labs program at EPRI said of the selected group of startups:

“The finalists’ applications outline technologies that may provide electric power customers effective energy management solutions and utilities new tools to maintain system quality, reliability, and efficiency while supporting sector-wide decarbonization.”

For more information, see EPRI’s recent announcement.

 

VIA Files Over 10 Patents for Trusted Analytics Chain™

VIA, a leader in providing energy analytics while maintaining data privacy and security, is pleased to share that it has filed over 10 patents to protect techniques used in its Trusted Analytics Chain™ (TAC™) software. The patents cover a range of capabilities from homomorphic encryption, streamlining data access provisionment, and distributed computing approaches, among others.

At VIA, we have delivered AI and machine learning solutions to governments, regulators, and utilities at a global scale. A constant theme has been data privacy and security. We have made data privacy a priority for TAC™ to give our customers confidence that their data assets are secure during analysis. The patent portfolio is VIA’s best way to protect the investment we have made in pioneering these techniques,” said Jeremy Taylor, Chief Scientific Officer at VIA.

VIA has built a team of experts in AI, blockchain, and cryptography to develop a suite of privacy tools to validate and sanitize queries (python scripts) submitted by analysts as well as responses that are the result of running the script on the data.

Taylor continued, “TAC™ is being used by some of the largest utilities in the world to unlock powerful insights from their data. We believe that TAC™ will become the go-to data sharing platform among utilities and beyond.”

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

VIA Participates in NPPD’s Annual Innovation Showcase

VIA was delighted to support Nebraska Public Power District (NPPD) specifically and innovation in Nebraska more generally this past weekend. VIA’s CEO, Colin Gounden traveled to Aurora, Nebraska for the Aurora Open & Innovation Showcase to meet with hundreds of students and local community members to give them a glimpse into working for a technology startup. During the event, there was also a robotics competition, as seen in this local news clip, where the VIA sticker made its TV debut!

 

VIA Awarded Funding by MassCEC

VIA is pleased to share that we have been awarded funding through MassCEC’s InnovateMass program for a behind the meter energy storage project. Governor Charlie Baker discusses the importance of supporting the 18 startups awarded:

“Providing strategic support to entrepreneurs and startup companies is critical to helping Massachusetts maintain its position as the national leader in cleantech innovation,” said Governor Charlie Baker. “These early-stage companies provide a vital source of job creation and economic value while helping the Commonwealth meet the challenges posed by climate change, and we are committed to helping support the growth of the vibrant startup community.”

For the formal press release titled “Baker-Polito Administration Announces $1.7 Million in Funding for Clean Energy Startups” visit MassCEC’s website.

 

Andrew Bright Joins VIA Advisory Board

VIA, a leader in providing energy analytics while maintaining data privacy and security, is pleased to announce that Andrew Bright has joined its advisory board. Andrew brings nearly 25 years of experience in the sustainable energy and transportation sectors to VIA and will play a significant role in helping the company mature into a power industry leader.

“Deep power industry expertise is a requirement to build AI and blockchain solutions that work at scale across the industry. For nearly twelve years, Andrew played a key role at ABB Power Grids including a senior role in the $11Bn sale to Hitachi. He understands the stress EVs, renewables, and extreme weather can have on the grid and its equipment,” said Colin Gounden, CEO of VIA. He continued, “We’re pleased to have Andrew Bright join our team and lend his industry and commercial expertise to help take VIA’s solutions to the next level for our utility customers.”

Prior to ABB, Andrew was a principal consultant for seven years in high-tech industries and worked in strategy development, technology and startup scouting, and digital transformation. “VIA is on the verge of changing the way the power industry tackles asset management and operations, and I’m thrilled to be a part of it,” said Andrew Bright. “Based in Menlo Park, I see 10 to 50 innovative companies and disruptive technologies every week. VIA stands apart as a company that is using advanced technology to deliver unique benefits to customers. They are on track to become a leading industrial and utility technology giant.”

VIA is expanding its GDAC™ program into new problems areas, and as the company continues to take a leadership position in the power industry, it will recruit more industry experts to become part of the VIA community.

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

VIA Earns Spot on the 2020 Global Cleantech 100

VIA, a leader in providing energy analytics while maintaining data privacy and security, was named a 2020 Global Cleantech 100 company by Cleantech Group.

The 2020 Global Cleantech 100 is the 11th edition of the respected annual guide to the leading companies and themes in sustainable innovation. It features the private, independent, and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient industrial future.

An excerpt about VIA from the report:

Keep an eye on
Companies that enable the sharing of valuable data between companies facing similar challenges are growing in importance. Via Science (VIA), a newcomer to the list, is using a combination of AI and blockchain to clean datasets from large energy players and share them anonymously with peers to accelerate problem-solving in this space.

The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global 80-member expert panel of leading investors and executives from corporations and industrials active in technology and innovation scouting. From pioneers and veterans to new entrants, the expert panel broadly represents the global cleantech community and results in a list with a powerful base of respect and support from many important players within the cleantech innovation ecosystem. The Global Cleantech 100 program is sponsored by Chubb.

“It feels right that our first list of the future-defining 2020s, should see a continued strengthening in the representation of truly impactful and necessary innovations to transform our diets, to enable a more renewable-heavy energy system, and to capture and utilize the vast levels of CO2 we have been freely emitting for decades,” said Richard Youngman, CEO, Cleantech Group. “Also included in our 2020 list are some big and critical shots at solving global problems – from proving out fusion and next-gen batteries to zero carbon aviation.”

About Cleantech Group

Cleantech® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.

The company was established in 2002 and is headquartered in San Francisco with a growing international presence in London. Our parent company, Enovation Partners, is based in Chicago.

Media Contact:
Laura Dolby
Cleantech Group
Email: laura.dolby@cleantech.com

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

VIA Included in Tracxn’s “Top Emerging Blockchain Startups” List

Tracxn, a market research platform that tracks startups, private companies, and innovative sectors, has included VIA in its coveted list of “Top Emerging Blockchain Startups.” 

VIA is proud to be featured as a “Minicorn” on the list, as Tracxn explains:

“The Minicorns – are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.

For the full list, visit the Tracxn website.

 

GDAC™ Ability to Increase ROI for Utilities Featured in T&D World

The article published by T&D World “Global Data Asset Collaborative to Increase ROI for Utilities” discusses changes to the energy landscape and how “many utilities recognize that the challenge of maintaining grid reliability is now greater than any single company is able to solve on its own.”

VIA’s Global Data Asset Collaborative™ (GDAC™) was established in early 2019 to allow multiple companies to securely pool data for more accurate analytics. The benefits of GDAC™ are featured in the article:

Both utilities and regulators benefit from GDAC™. For utilities, what VIA has found is that by protecting the data of each company, the data issues become easier and the focus of analytics efforts returns to the analysis (not restrictions to sharing the data). The impact on members who take this collaborative approach is that they end up with greatly improved analytics. For example, members get benchmarks of their equipment condition and maintenance routines in a more real-time and customized manner. They also get the benefit of learning from issues that others have had rather than just issues that they have seen — this leads to earlier warnings about equipment. And finally, as an economic impact, GDAC™ members have been seeing fewer corrective maintenance callouts, better planning for spares and inventory, and faster and simpler preparation for rate cases.

For the full article, visit the T&D World website.

 

Value of AI for GDAC™ Utility Members Mentioned in Utility Dive

VIA’s Colin Gounden was interviewed, among a number of analytics and utilities experts, for the Utility Dive article “In the ‘cat and mouse game’ of utility cyberattacks, AI and machine learning show promise, limits.” 

The article talks about ways AI and machine learning can help protect utilities and its customers from cyber attacks, while also using data to improve service to customers. Colin talks about how GDAC™ utility members are seeing value in AI:

“This is a whole new game for utilities,” Colin Gounden, CEO of data specialist VIA agreed. “They are increasingly interested in how AI algorithms and deep learning can automate the protection of customer information, the optimization and balancing of the grid, and the finding of efficiencies in the details of customer usage,” he told Utility Dive. “But AI requires access, particularly to data.”

Both [AI and ML] require an enormous amount of data, but it can be protected the same way email is scanned for spam by an AI algorithm “because it is too big a dataset for a person,” Gounden said.

For more quotes from Colin and the full article, visit the Utility Dive website.

 

Kate Ravanis Invited to Speak at GTM Blockchain in Energy Forum 2019

VIA’s Chief Operating Officer, Kate Ravanis, was invited to speak at Greentech Media’s Blockchain in Energy Forum which took place on September 25, 2019 in New York City. Speakers at the GTM event shared use cases and success stories for blockchain in energy applications. Kate’s presentation covered the challenges facing the energy sector and how VIA’s GDAC™ program is currently helping utilities unlock the value of their data through privacy preserving collaboration. For more information on the event, visit GTM’s website.

 

Colin Gounden Participates in NECEC Navigate Webinar Series

VIA was proud to be invited to participate in the Northeast Clean Energy Council (NECEC) Navigate Webinar Series, “Connecting the Dots Between Investors and Corporate Strategics.”

Colin Gounden sat on the panel along with Anna Jarman of Walmart, Ely Greenberg of Greenbacker Labs and moderators, Daniel Hullah of GE Ventures and Catarina Madeira of NECEC to discuss how innovative companies and established energy companies can learn from each other to improve energy efficiency.

For the webinar recording, check out NECEC’s YouTube page.

 

Disruptor Daily Interview’s Colin Gounden for Blockchain in Energy Series

Colin Gounden sat down with Emilia Picco of Disruptor Daily, a publication that delivers the latest trends in blockchain, to talk about how VIA uses blockchain technology to help transform the energy sector.

At the start of the interview, Colin explained the reason VIA developed its blockchain application, TAC™, and its best use case:

“Some companies had too little data, some didn’t have clean data, some had a lot of data but not in any single location, and some were unable to share it due to security concerns. That’s when we had the idea to develop our blockchain application, Trusted Analytics Chain™ (TAC™)…

…In recent months, we’ve taken our efforts with TAC™ a step further and built the foundation for the Global Data Asset Collaborative™ (GDAC™). GDAC™ is the first privacy preserving, multi-company database for machine learning-ready transformer data, which has been created on top of our TAC™ software. As an analogy, GDAC™: Transformers is like an app on our “TAC™ app store”.

At the end of the interview, Colin talks about where he sees VIA in the next five years:

“We see VIA’s Trusted Analytics Chain™ as the go-to solution for both utilities / network operators and AI analysts alike. For utilities, they can become part of GDAC™ (which uses TAC™ as the underlying software) to have their data analyzed to get more accurate predictions about their equipment. For analysts, since it’s hard to access robust data like that of utilities, TAC™ will be the go-to software to solve high value, super interesting problems like those related to grid resiliency.”

For the full interview, check out Disruptor Daily’s website.