Via Science Moves Corporate Headquarters to Somerville, Massachusetts

Somerville, Mass. – July 25, 2017 – Via Science, Inc. today announced its commercial team has moved to a new corporate headquarters located in the Davis Square neighborhood of Somerville, Massachusetts. The new headquarters is located just three miles away from their founding headquarters next to MIT and provides their growing team more space, increased privacy, and an easier commute.

“At Via Science, we have always aspired to be as employee-friendly as possible. Davis Square in Somerville is conveniently accessible from Harvard and MIT, and is an easy walk to the commuter rail, which will significantly reduce the commute time for our team,” said CEO Colin Gounden.

The move also signifies a major milestone for the company: their first private building. “The office space will accommodate our growing team as well as visiting clients and investors. We’re also looking forward to hosting our Montreal technical team this year in Somerville for our semi-annual company offsite,” said Kristen Merrill, VP, Client Service.

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.

Via Science and TEPCO Announce Risk Assessment and Predictive Maintenance Initiative

The joint initiative will utilize analytics and machine learning in an effort to improve reliability, efficiency, and service for TEPCO’s customers.

Cambridge, Mass. – July 6, 2017 – Via Science, Inc. and Tokyo Electric Power Company Holdings, Inc. (TEPCO), today signed their joint initiative to use analytics and machine learning to predict and prevent power disruption due to failure of ACSRs and compression joint sleeves.

“Our team will analyze data from over 17,000 miles of transmission wires across Japan to determine how TEPCO can improve reliability for their customers and simultaneously reduce equipment and maintenance costs. ACSRs and compression joint sleeves are two types of equipment that are costly, time consuming, and sometimes dangerous to test. Our machine learning analysis aims to resolve this issue by both identifying vulnerable equipment and, uniquely, providing an explanation of why each piece of equipment has been flagged,” said Dr. Bruno Rousseau, Team Leader, Data Science at Via Science.

Rousseau continued, “Solving this challenge would have major implications for TEPCO and utilities globally. All utilities would benefit from having explanations for their maintenance departments and regulators of why their assets are failing so that they can plan and invest accordingly. We are proud to work with TEPCO to build a solution with such wide reaching potential.”

“Improving reliability, efficiency, and service for our customers has always been a top priority. But in our previous experiences using neural network solutions to support these efforts, we found we wanted more insight into the ‘why’ behind the predictions and recommendations. We are excited by Via Science’s potential to provide transparency, which is absolutely essential to decisions that affect our customers and our assets,” said Akira Matsumoto, an engineer in the transmission department of TEPCO Power Grid.

Matsumoto continued, “We decided to work with Via Science because their customer-centric software solution has been proven with agencies such as the Federal Energy Regulatory Commission to prioritize vulnerabilities and make customized recommendations. Via Science’s core patents are in identifying causality, so beyond simply predicting a power outage or a maintenance need, we expect to pinpoint the contributing factors of failure, such as weather, location, or equipment age. Given the cost of manually collecting and analyzing data across our 50,000 assets, these kinds of tools are invaluable.”

In December 2016, TEPCO made a minority investment in Via Science. This project is the first of many related to risk assessment and predictive maintenance to come from the partnership. “We are excited to launch these innovative, operational improvement initiatives with Via Science. We aim to improve reliability to all our 29 million customers by integrating their unique causal analytics software into our network operations,” explained Hirokazu Yamaguchi, Executive General Manager, Global Innovation and Investments at TEPCO.

Update: TEPCO has published their own press release on the initiative as well as an outline of the proof of concept.

About Via Science

Via Science creates software applications that identify and prioritize risks to critical infrastructure using a combination of high-performance computing, machine learning, and causal analytics. Headquartered in Cambridge, 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 Tokyo Electric Power Company Holdings, Inc.

Tokyo Electric Power Company Holdings, Inc., headquartered in Tokyo, Japan, is the largest utility in Japan. We provide electricity primarily to home and business in the Kanto region of Japan, one of the world’s most heavily populated areas. Worldwide the company has more than 74 subsidiaries and affiliates in 8 countries and employs approximately 33,200 people. Operating Revenues for the fiscal year ending March 31, 2017, totaled 5.4 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 Science’s Focus™ Architecture Nominated for Technology Innovation Award

Via Science was honored to be selected as one of three finalists for Techvibes’ Canadian Startup Awards in the Technology Innovation category. The nomination recognizes Via Science’s Focus™ microservices architecture. Focus™ transformed Via Science’s causal analytics capabilities and laid the groundwork for public safety app, CrimeRadar.

Winners were announced during a gala on Thursday, March 2nd at Steam Whistle Brewery in Toronto. Sonia Basili, our Talent Management and Operations Leader attended the event on our behalf. Though, sadly we didn’t take home the award, we congratulate all the winners!

Photo courtesy of Techvibes

Via Science Nominated for Montréal International’s Forum sur l’attractivité

Via Science was nominated as part of Montréal International’s first Greater Montreal Business Attractiveness Forum. The event, part of Montréal International’s 20th anniversary celebration, recognized organizations committed to growing Montreal’s economy, and making it an attractive and competitive investment destination.

Sonia Basili, our Talent Management and Operations Leader, attended the event.

Via Science proudly contributes to Montreal’s growth and development, particularly within the tech sector.

Congratulations to our fellow finalists, and STELIA North America, Danone Canada and Ubisoft for taking home the top honors.

TEPCO Selects Via Science for Strategic Investment

Japan’s largest electric power supplier, Tokyo Electric Power Company Holdings, Inc. (TEPCO), has selected Via Science for its first strategic venture investment in machine learning and analytics.

Cambridge, Mass. – December 6, 2016 – Via Science, Inc. a leader in causal analytics, today announced a minority investment by Japan’s largest electric power supplier, Tokyo Electric Power Company Holdings, Inc. (TEPCO). TEPCO’s strategic investment includes capital, as well as sharing subject matter expertise and data to improve the reliability and operating efficiencies of power suppliers and their customers through advanced software analytics applications.

Already Japan’s largest electric power supplier, TEPCO is investing heavily in new technologies that even further improve the quality and variety of services it provides to its 29 million customers.

“Analytics is critical to improving the operational efficiency of energy companies today and allowing them to stay ahead of regulatory and technological disruptions. TEPCO’s investment is a validation of Via Science’s leadership in causal analytics for applications such as identifying critical infrastructure that is at high risk for power outages, years in advance. We are truly honored to be their first venture investment in machine learning and analytics,” said Colin Gounden, CEO of Via Science.

Through this investment, TEPCO will gain experience in Via Science’s proprietary causal analytics software, which goes beyond traditional “black box” machine learning to provide transparency into the rationale for recommendations to improve maintenance, service staffing, cybersecurity and resiliency planning. TEPCO’s customers will also benefit from Via Science’s expertise, as new technologies enable improved reliability and new value-added services.

“To find the team and technology best able to handle the unique challenges in the energy industry, our innovation group evaluated large and small analytics companies across North America, Europe and Asia. Via Science’s direct experience with US energy agencies and their ability to support our challenges, such as high volumes of data, regulatory transparency requirements and very long-term risk planning needs for multi-billion dollar investments, made them the best match for TEPCO and our customers,” explained Hirokazu Yamaguchi, Executive General Manager, Global Innovation and Investments at TEPCO.

Update: Pierce Atwood congratulates Via Science on securing TEPCO’s strategic investment.

About Via Science

Via Science creates software applications that identify and prioritize risks to critical infrastructure using a combination of high-performance computing, machine learning and causal analytics. Headquartered in Cambridge, Massachusetts, with its research center in Montreal, Quebec, 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 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 more than 29 million homes and businesses. Worldwide the company has more than 74 subsidiaries and affiliates in 8 countries and employs approximately 43,330 people. Consolidated revenue for the fiscal year ending March 31, 2016, totaled 6.8 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.