Joe Babiec, Experienced Government Advisor and MIT Alumnus, Joins VIA’s Advisory Board

Somerville, MA – June 19, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, is pleased to share that Joe Babiec has joined its advisory board to provide his expertise in strategic partnerships and regulatory affairs. Joe will play a major role in gathering feedback and understanding market needs across stakeholders in the energy industry.

“Our blockchain-based technology, Trusted Analytics Chain (TAC), has seen growing interest across the US and in more than 10 countries in Europe and in Asia. Through conversations, we’ve realized that we have the opportunity to become the industry standard for secure and private data analysis, and we believe Joe is the right person to help us achieve that goal,” said Colin Gounden, CEO of VIA. He continued “Joe has a long history of working with heads of state and senior government officials on technology and innovation strategies to improve global competitiveness. His experience coupled with his technical education in electrical engineering and computer science from MIT made him the perfect candidate to fill the gap on our team.”

Joe has spent the better part of his 25-year career consulting with companies on their corporate strategies including product launches, enhancing brand image, and integrating both teams and products across a wide variety of industries including software and electricity generation.

“I’m thrilled to be joining VIA at such a transformative time for both the company and its AI and blockchain technologies. Since joining, I’ve experienced firsthand how hungry the market is for VIA’s TAC solution and I couldn’t be more excited to work with government and industry teams to help make TAC the standard for the industry,” said Joe Babiec.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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 Accepted into Top European Accelerator Program, Accelerace

Somerville, MA – June 12, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, has been accepted into Accelerace, one of Europe’s top seed accelerators, as part of their Cleantech program.

“I was excited to be in Denmark a couple weeks ago to kick-off our participation in the Accelerace program. Accelerace is a well-respected and very well-connected clean energy program that is already helping us expand our presence with energy companies throughout Europe,” said Jeremy Taylor, Chief Scientific Officer at VIA.

Accelerace is a Danish accelerator that offers five unique programs tailored to the needs of startups. VIA will participate in the Cleantech program for six to eight months. Through this program, Accelerace will provide assistance in establishing a corporate presence in Denmark, introductions to leading European utilities (such as Enel), and mentorship from experienced Danish entrepreneurs, cleantech executives, and industry experts.

“The European energy industry is going through one of the biggest transformations in history. We are rapidly moving from fossil fuels and nuclear to renewable energy sources. At the same time, the recent implementation of GDPR in Europe is requiring both privacy and transparency of personal information,” said Jes Nordentoft, Business Accelerator and Investor at Accelerace. He continued “VIA’s new blockchain application, Trusted Analytics Chain, is the only solution we’ve seen to help the industry securely collaborate on critical analytics problems. This is exactly what the energy industry needs during this transformative time.”

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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.

About Accelerace
Accelerace is one of the world’s top 10 seed accelerators. Since 2008 Accelerace has spotted, trained and invested in more than 500 of the most promising Danish and international startups and growth companies. 88% of the companies are still on the market today. As part of the national Scale-up Denmark initiative Accelerace is scaling up startups within tech, foodtech, cleantech, life sciences & biotech and medtech & health care technologies through guidance and mentoring from skilled serial entrepreneurs, camps and network. Accelerace has invested in more than 69 promising startups, who have been through the Accelerace program and have started partnerships with Maersk, Novo Nordisk Foundation, Arla, Foss, NRGI, Business Lolland-Falster, Bang & Olufsen, SE, Endesa & Enel. Accelerace is also organizing the Nordic NOME (Nordic Mentor Network for Entrepreneurship) mentor network for life science startups.

VIA Wins MITX Best Technology Innovation Concept Award

Somerville, MA – May 29, 2018 – The Massachusetts Innovation and Technology Exchange (MITX), the premier organization representing the digital marketing and technology community, last week announced the winners of the 22nd Annual MITX Awards, celebrating New England’s thriving tech innovation ecosystem. VIA accepted the award for Best Technology Innovation Concept.

The award recognizes VIA’s blockchain-based application, Trusted Analytics Chain (TAC), which currently has a patent pending. VIA developed TAC with its energy clients in mind: the application establishes secure access to highly sensitive data, which is one of the biggest challenges to widespread AI implementation across the energy industry.

Using blockchain technology and distributed learning, TAC ensures clients’ data remains on premise and completely anonymous, allowing multiple companies to anonymously pool sparse data to improve analytical outcomes. Additionally, TAC is able to securely allow AI experts to learn from many different, distributed data that has never before been available in the energy industry.

“The celebration is an annual exchange of ideas and connections with hundreds of the best and brightest minds showcasing the latest innovative technology and work shaping the future of customer experience,” said Amy Quigley, president of MITX. “There was some very tough competition this year, but it was a fun-filled evening with all who participated!”

Hundreds of organizations participated and were judged by an esteemed committee of industry experts on their submission’s value proposition, unique innovation, and results. Marketing Operations Leader Laura Montorio accepted this honor on VIA’s behalf at the ceremony hosted at Royale Boston.

VIA MITX Technology Innovation Concept

Every winner was allowed a five-word acceptance. Ours? “Guys, let’s take a selfie!”

VIA MITX Technology Innovation Concept

The event was MITX’s 22nd annual award ceremony, hosted at Royale Boston.

 

 

 

 

 

 

 

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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.

About MITX
Inspire. Connect. Provoke.
At MITX, we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experience, all to create a community that’s finding tomorrow’s solutions together. Celebrating 22 years of connecting tech and innovation professionals in New England, MITX is a dynamic community of more than 20,000 thought leaders and collaborators. MITX is headquartered in Boston, MA. For more information, visit http://www.mitx.org/.

Colin Gounden Speaks at the 9th Asian Leadership Conference in Seoul, Korea

Colin Gounden was invited to speak at the 9th Asian Leadership Conference (ALC) in Seoul, Korea earlier this week. During the session titled “Blockchain in our Lives” Colin discussed VIA’s blockchain application, Trusted Analytics Chain (TAC) and the benefits its smart contract functionality in particular, can have for the energy industry. The session also featured five other executives involved in the blockchain space, including Mike Kayamori, CEO of Quoine, Asia’s largest ever ICO.

ALC is an annual international conference hosted by The Chosunilbo, one of the largest newspapers in Korea. The theme of this year’s conference was “Globalization in Crisis: Navigating the World with New Opportunities” which featured speakers from all over the world, including former Vice President of the United States, Dick Cheney and Gerhard Schröder, former Chancellor of Germany, among others.

 

Colin Gounden speaking at ALC 2018.

Colin Gounden Speaks at EUCI Blockchain Technology for the Energy Sector Event in Houston

Colin Gounden was a featured speaker at EUCI’s latest event “Blockchain Technology for the Energy Sector” on May 9th in Houston, TX. The event focused on the fundamentals of blockchain technology and the opportunities it presents to the energy industry.

Colin’s session, titled “Realizing the Value of Utility Data Through Blockchain and Artificial Intelligence,” highlighted the ways blockchain, and more specifically VIA’s Trusted Analytics Chain (TAC), can provide utilities with more rigorous AI solutions (like predictive maintenance and contingency planning) and streamline compliance filings with regulatory agencies. For more information about Colin’s presentation or VIA’s blockchain solution, email us at info@solvewithvia.com.

VIA Joins NVIDIA Inception Program

Somerville, MA – May 10, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, is thrilled to announce that it has joined the NVIDIA Inception program, which is designed to nurture startups revolutionizing industries with advancements in AI and data sciences. This will support VIA’s AI solution and further develop its blockchain application through the use of GPUs.

“VIA is excited to be a part of the NVIDIA Inception Program. Simply put, AI would not be where it is today if it were not for the acceleration provided by GPUs. Blockchain applications, such as VIA’s Trusted Analytics Chain (TAC), will also require the type of computing power NVIDIA GPUs deliver and we are enthusiastic about adopting this technology in our development process,” said Jeremy Taylor, Chief Scientific Officer at VIA.

NVIDIA’s Inception program is a virtual accelerator program that helps startups during critical stages of product development, prototyping, and deployment. Every Inception member gets a custom set of ongoing benefits, from hardware grants and marketing support to training with deep learning experts.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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.

Colin Gounden on FutureTech Podcast: AI, Blockchain, and Global Energy Infrastructure

VIA CEO, Colin Gounden, recently joined FutureTech podcast host, Juliet Lemar, for a conversation about how VIA uses artificial intelligence and blockchain solutions to support the energy industry’s $100 billion a year efforts to maintain, upgrade, and improve energy infrastructure.

The US electric grid is one of the most complex man-made systems ever created. And at over 100 years old, its age has become a major liability for a nation dependent on electricity. Colin said, “When the internet goes out, it’s like going back to 1979. But if electricity goes out, it’s like going back to 1879.” Aging energy infrastructure carries an extremely high risk of failure that can result in power outages. VIA works specifically with electric utilities to help them predict and prioritize this risk.

“We’re at a moment in time when there’s a lot of pent up demand for improving and investing in infrastructure. Utilities can’t update all their equipment at once, so they want to know ‘Where do I start? How do I decide which transformer or transmission tower to replace first?’” Colin elaborated. Using VIA’s AI and blockchain solutions utilities are able to prioritize this risk, making the process of maintaining and upgrading infrastructure more efficient, safe, and cost-effective. Listen to the full podcast here.

VIA and ReconCraft Launch Groundbreaking NIST-Compliant Predictive Maintenance Initiative for US Military Vehicles

Somerville, MA – April 27, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, is pleased to announce that they have signed an agreement with ReconCraft to provide one of the first NIST-compliant predictive maintenance solutions for military equipment using its AI and blockchain technologies.

ReconCraft designs and manufactures innovative technologies to support US military marine vessels, submarines, and tactical vehicles as well as vessel fleets for law enforcement and emergency response teams. Through this partnership, VIA will predict risk levels to maintenance issues for vessel engines and power supplies. Historically, predictive maintenance using machine learning has not been widely implemented in US military equipment due to the distributed and classified nature of the data. Using VIA’s Trusted Analytics Chain (TAC) application, this data will remain distributed, private, and anonymous, making AI analysis possible across a fleet of vehicles for the first time.

“What makes this project particularly exciting is that we’ll be collaborating closely with ReconCraft to develop an application that meets the US military standard of data privacy,” said Dr. Jeremy Taylor, Chief Scientific Officer of VIA. He continued “TAC uses differential privacy as well as a NIST-compliant form of homomorphic encryption. This is a level of security that all US federal agencies should follow.”

VIA has developed AI solutions for the energy sector, where data collected from pieces of equipment like substations, transmission towers, and utility poles has similar confidentiality requirements.

Jonathan Hoflich, Co-Founder and Chief Business Development Officer at ReconCraft described the reason behind selecting VIA on this first ever initiative for the company: “Operational availability, readiness, and reduced lifecycle costs are key features of our vessel fleets. Adding advanced predictive maintenance algorithms to our boats is strategically aligned with our mission. VIA’s history of working with government agencies, their experience in predictive maintenance, and their data privacy approach made them our top choice for a partner. Through our joint efforts, VIA will further increase the operational readiness of ReconCraft boats during deployment and operations worldwide.”

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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.

About ReconCraft
ReconCraft designs, develops, and manufactures multi-mission offshore, coastal, and riverine vessels up to 60’ feet for military, law enforcement, and commercial use. ReconCraft is founded and managed by former military operators with extensive experience in vessel operations, maintenance, and training. ReconCraft vessels are specifically designed for high duty cycles and in areas with little to no infrastructure and minimal maintenance resources. Operational Services include tactical boat operations, vessel maintenance, and law-enforcement training. ReconCraft’s headquarters is located in Boston, MA, while its vessels are manufactured at the Company’s West Coast facility nearby Portland, OR. ReconCraft has been featured in Inc. Magazine as the 205th fastest growing private company during the 32nd Annual Inc 500 review and recently received an award from the Department of Homeland Security (DHS) for their outstanding performance on a major DHS acquisition.

Pepper Hamilton Features Colin Gounden at Energy Blockchain Event

VIA CEO Colin Gounden was a featured speaker alongside Scott Clavenna, Chairman of Greentech Media, at Pepper Hamilton’s Energy Blockchain event last week. Hosted at the firm’s Boston office, the event focused on current applications of blockchain in the energy industry as well as opportunities and obstacles facing further development of the technology. Colin’s presentation addressed how VIA is supporting utilities in their efforts to adopt these solutions.

VIA is developing a blockchain application, Trusted Analytics Chain (TAC), currently in beta testing. TAC will allow businesses to pool their data in order to improve analytical outcomes without having to physically transfer or aggregate the data. By moving the algorithm instead of the data, TAC ensures all client data remains on premise. Additionally, the application uses homomorphic encryption and differential privacy to keep client data secure and anonymous, which solves some of the key concerns utilities have about implementing AI solutions. To learn more about this and other solutions VIA provides, please visit our website.

Blockchain energy VIA

Scott Clavenna (left) and Colin Gounden both presented and led Q&A sessions about the growing opportunities for blockchain in energy.

blockchain energy VIA

Gounden spoke to VIA’s work supporting utilities’ adoption of AI initiatives.

 

VIA Unveils Refreshed Brand

Somerville, MA – March 29, 2018 – VIA a leader in solving energy industry problems using artificial intelligence and blockchain, today revealed its newly refreshed brand. At the core of the refresh, VIA is updating “Via Science” to “VIA” and using “Solve with VIA” as the anchor to its brand. In addition, the company is releasing a new logo, a fully redesigned website, and an expanded social media presence to better reflect the company’s mission: solve its client’s biggest challenges.

“Since VIA was founded in 2016, we’ve made it our mission to change the way energy companies think about predictive maintenance, contingency planning, and other asset management and operational issues. In that time, both our team and technologies have evolved to better serve this mission, but our brand for the most part, remained the same,” said VIA’s Director of Marketing, Jackie Finn. She continued “Over the past six months, we held several company-wide brainstorming sessions and consulted with our most trusted partners to identify our core strengths and define exactly who we are as a company. These refinements are reflected in the refreshed brand we’re launching today.”

The idea that clients “Solve with VIA” was an ever-present theme over the past six months and ultimately inspired VIA’s newly designed logo. The new design visually represents the journey VIA takes with its clients from identifying a problem to finding a solution. In addition to the new logo, “Solve with VIA” inspired the full redesign of VIA’s website and the company’s recently launched Instagram account.

#solvewithVIA is also the official hashtag for VIA’s brand. Follow along on Instagram, LinkedIn, and Twitter for all company announcements.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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 to Start AI-Enabled, N-1-1 Contingency Planning Initiative with TEPCO Power Grid

Somerville, MA – February 27, 2018 – VIA is pleased to announce that it has signed an agreement with TEPCO Power Grid, a subsidiary of Tokyo Electric Power Company Holdings, Inc. (TEPCO) to provide automated recovery recommendations for multiple simultaneous switch failures, or the “N-1-1” problem.

There are automated solutions in place for what to do when a single switch failure happens. However, as N-1-1 failures are extremely complex, software has not been able to identify all possible contingencies during an outage. Solving the N-1-1 problem remains a challenge for power companies today, and VIA aims to solve this industry-wide problem using their AI solution.

“Contingency planning initiatives are nothing new to the energy industry. In fact, in the US, FERC and NERC have both mandated that power companies have a solution to this N-1-1 issue. Our client, VIA, has a solution to this problem. They will use AI to provide operators with a step-by-step recommendation in order to recover from N-1-1 failures across a comprehensive range of scenarios,” said Andrew Kaplan, a partner at Pierce Atwood LLP with an expertise in energy regulatory law.

“There are a number of benefits that VIA’s solution can provide TEPCO Power Grid including faster recovery time during unplanned outages and reduced impact of outages during planned maintenance. Using VIA’s solution, the operator can reroute switches to maintain power while these issues are being fixed,” explained Kristen Merrill, VIA’s vice president, client service.

VIA is using AI to help improve grid safety, reliability, and service quality to customers. “We are pleased to deepen our partnership with VIA after the recent completion of our AI work with TEPCO Transmission following a minority investment in 2016,” commented Hirokazu Yamaguchi, Executive General Manager, Global Innovation and Investments at TEPCO.

TEPCO Power Grid will undertake rigorous testing of VIA’s solution to evaluate how implementation will improve current power system operations. This contingency planning initiative builds upon reinforcement learning AI work previously demonstrated to TEPCO on a small-scale circuit.

About VIA
VIA creates software applications that identify and prioritize risks to critical infrastructure using a combination of artificial intelligence, blockchain technology, and causal analytics. Headquartered in Somerville, Massachusetts, VIA has developed its risk assessment algorithms in conjunction with some of the world’s leading companies and government agencies in energy and security. The company has been featured in Wired Magazine, The Wall Street Journal, and Forbes for its expertise in causal analytics software applications. For more information, please visit www.viascience.com.

About TEPCO Power Grid Inc.
TEPCO Power Grid Inc. is a 100%-owned subsidiary of Tokyo Electric Power Company Holdings, Inc., handling electric power transmission and distribution. It maintains one of the most stable power supplies in the world including 0.06 per household outage per year and outage time of 6 min per household per year (both are actual performance in FY2015) using reliable equipment and advanced technology.

About Tokyo Electric Power Company Holdings, Inc.
Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan, serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in eight countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totaled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit http://www.tepco.co.jp/en/corpinfo/index-e.html.

VIA Comments Help Inform FERC Decision on Grid Resilience

Last week, the Federal Energy Regulatory Commission (FERC) unanimously rejected the Department of Energy’s (DOE) proposed rule, which would have “provided cost recovery for power plants that keep 90 days of fuel onsite,” like nuclear and coal plants. FERC’s decision instead prioritizes long-term grid resilience for the bulk power system.

In October, FERC requested comments from energy stakeholders to help inform this decision. VIA submitted comments that aligned with the Commission’s decision to prioritize long-term grid resilience, and recommended the application of software solutions (like AI) to support this goal. Below is an excerpt from these comments:

The DOE Secretary outlines several concerns that he has with respect to fuel shortages and appears to suggest that nuclear and coal resources should be fully developed to assure Americans that there will be adequate fuel for system reliance. However, even before monies are spent to develop additional domestic energy resources, it is imperative that assessments be done to determine how prepared the national grid operators are to deal with significant impacts to the grid infrastructure.

[…] given the increasing number and severity of weather events in recent years impacting the United States, including but not limited to several extreme hurricanes and the 2014 Polar Vortex, concomitant with the Nation’s aging infrastructure, there is a need for accurate and immediate assessments of grid operations.

Thus, before implementing the DOE’s proposed rule, Via Science first recommends that FERC continue to work with the North American Electric Reliability Corporation (“NERC”) and other stakeholders to establish a framework for defining and measuring resilience.

To that end, Via Science uses causal analytics to quickly evaluate grid infrastructure and help operators prioritize the types of resources to deploy and the location for such deployment as needed to mitigate the inherent dangers of weather or other catastrophic events on the ability of ISOs/RTOs to ensure resilient and reliable electric service.

View VIA’s complete comments here.

Via Science Selected by PJM to Help Mitigate Fuel Supply Risks During Extreme Weather Events

Somerville, MA – November 1, 2017 – Via Science, Inc. is pleased to announce that they have been selected by PJM Interconnection LLC to work on a proof-of-concept that will help mitigate risks to fuel supply for electricity generation during extreme weather events.

The interdependence of the United States grid infrastructure makes the delivery of energy across the nation uniquely vulnerable to unpredictable events like extreme weather. While grid operators have spent decades preparing for such risk, the use of artificial intelligence shows great promise for improving grid reliability and security as well as mitigating potential issues before they occur.

Via Science will work on a proof-of-concept with PJM to help identify where specific risks are in the gas and electric interdependency system to ensure the grid is resilient during unexpected events, like a polar vortex.

“We are honored to have been chosen by PJM to help them ensure their more than 65 million customers have safe and reliable electric service, this winter and beyond,” said Colin Gounden, CEO of Via Science. “We are confident that the combination of our software and the decades of expertise within the PJM team will provide a better solution than either of them alone.”

After a live evaluation phase, it is anticipated that this initiative can move to full deployment using Via Science’s new blockchain application, allowing PJM to analyze transmission-specific data without the risks inherent in transferring data.

About Via Science
Via Science creates software applications that identify and prioritize risks to critical infrastructure using a combination of artificial intelligence, blockchain technology, and causal analytics. Headquartered in Somerville, Massachusetts, Via Science has developed its risk assessment algorithms in conjunction with some of the world’s leading companies and government agencies in energy and security. The company has been featured in Wired Magazine, The Wall Street Journal, and Forbes for its expertise in causal analytics software applications. For more information, please visit www.viascience.com.

About PJM
PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 65 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region’s transmission grid, which includes over 82,000 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. PJM’s regional grid and market operations produce annual savings of $2.8 billion to $3.1 billion. For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com.

Via Science Accepted into Elemental Excelerator Program

Somerville, MA – October 19, 2017 – Via Science, Inc. today announced that they have been accepted into Elemental Excelerator’s 2018 cohort. As part of the program’s Demonstration Track, Via Science will receive up to $1M to further develop its new blockchain and distributed learning technology, alongside implementation partners.

“We’re thrilled that Elemental Excelerator has accepted us into their program. With their support, we will work with three new transmission and distribution partners on the development of our application,” said Colin Gounden, CEO of Via Science. “One of the biggest challenges when working with energy companies on AI initiatives is gaining access to sensitive data. Our blockchain technology will address these concerns by keeping data on premise and completely anonymous.”

“This was our most competitive application season to date. 450 companies took the first step to apply and only 12 were selected,” says Jill Sims, COO and Head of Innovation Deployment at Elemental Excelerator. “We saw a major trend in the application of machine learning and artificial intelligence to energy software. Elemental Excelerator is excited to have Via Science join our portfolio. We are looking forward to the long-term impact of their blockchain technology.” With an acceptance rate of less than 3%, Elemental Excelerator works with their global network of investors and energy industry leaders to identify key technology gaps that remain in the sector.

Elemental Excelerator’s global partners include Enel, National Grid, SK Gas, and several others. For more information, see their recent press release as well as an article published in Pacific Business News.

About Via Science
Via Science creates software applications that identify and prioritize risks to critical infrastructure using a combination of artificial intelligence, blockchain technology, and causal analytics. Headquartered in Somerville, Massachusetts, Via Science has developed its risk assessment algorithms in conjunction with some of the world’s leading companies and government agencies in energy and security. The company has been featured in Wired Magazine, The Wall Street Journal, and Forbes for its expertise in causal analytics software applications. For more information, please visit www.viascience.com.

About Elemental Excelerator
Elemental Excelerator helps startups change the world, one community at a time. Each year, we find 12-15 companies that best fit our mission and fund each company up to $1 million to improve systems that impact people’s lives: energy, water, agriculture, and transportation. To date, we have awarded over $22 million to 63 companies. What makes us unique? We co-fund, co-design, and co-develop projects and strategies that improve infrastructure and sustainably enhance communities. Our program is funded by a diverse coalition of utility partners, corporate partners, the U.S. Navy, the U.S. Department of Energy, state government, and philanthropic organizations. We are a non-profit created in collaboration with Emerson Collective. More information can be found at elementalexcelerator.com.

Via Science Wins Startup Canada’s Innovation Award for Quebec Region

Montreal, QC – September 13, 2017 – Via Science, Inc. accepted Startup Canada’s 2017 Innovation Award for the Quebec region. This award saw a highly competitive pool of candidates, due in large part to Quebec’s recent emergence as an innovation hub.

The award recognized Via Science’s leadership in using artificial intelligence to solve large-scale, high-stakes challenges across critical infrastructure, particularly in the energy industry. As a regional winner, Via Science will advance to the national awards, which will be announced during the Grand Finale in October.

Patrick Harrison of Intuit QuickBooks presented Via Science with the award and remarked that there was a “parallel between what [Via Science] does and what Intuit does on a daily basis, and that is that we try and use analytics, power of the cloud, and AI to help businesses make more informed decisions”.

Chief Scientific Officer Jeremy Taylor and Team Lead, Data Science Bruno Rousseau accepted this honor on Via Science’s behalf at the awards ceremony in Montreal hosted at Le Gare and Ubisoft.

In February, Via Science was a finalist for Techvibes’ Canadian Startup Awards Technology Innovation award.

Patrick Harrison of Intuit QuickBooks with Via Science’s Chief Scientific Officer, Jeremy Taylor and Team Lead, Data Science, Bruno Rousseau

About Via Science
Via Science creates software applications that identify and prioritize risks to critical infrastructure using a combination of artificial intelligence, high-performance computing, and causal analytics. Headquartered in Somerville, Massachusetts, Via Science has developed its risk assessment algorithms in conjunction with some of the world’s leading companies and government agencies in energy and security. The company has been featured in Wired Magazine, The Wall Street Journal, and Forbes for its expertise in causal analytics software applications. For more information, please visit www.viascience.com.

About Startup Canada
Startup Canada is the leading national social enterprise supporting and giving a voice to entrepreneurs through online programs, national awards, flagship events, partnerships with private sector and government to foster a community for startup and small business success across the country. Learn more at www.startupcan.ca.