How Much Did VIA Raise? Funding & Key Investors

VIA has successfully raised funding over 8 rounds, with notable investments from BMW i Ventures and Sentinel Global. The latest Series B round saw participation from 4 investors, including Bosch Ventures.

VIA's platform leverages Artificial Intelligence and Blockchain to help energy companies unlock the value of their data. Keep reading to explore the intricacies of VIA's fundraising journey and the investors backing this innovative platform.

What Is VIA?

VIA is a private company based in Somerville, Massachusetts, specializing in Analytics, Artificial Intelligence (AI), Blockchain, Machine Learning, and Predictive Analytics. The company employs between 11 and 50 people.

VIA offers Web3 solutions to protect data against theft, misuse, and manipulation. Their product lineup includes Quantum Transfer (QT), SLAM AI, VIA Wallet, and VIA ZTF. The company collaborates with government entities and is trusted by organizations like the Department of the Air Force and U.S. Space Force.

How Much Funding Has VIA Raised?

1. Series B
   • Amount Raised: USD 28,000,000
   • Date: March 2025
   • Lead Investors: Bosch Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop AI and Blockchain technologies for energy companies.
2. Series A
   • Amount Raised: USD 10,075,932
   • Date: May 2021
   • Lead Investors: The Westly Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To hire top talent, expand the customer base in the U.S. and Western Europe, and accelerate the delivery of their software platform.
3. Grant
   • Date: August 2020
   • Lead Investors: Swiss Federal Office of Energy
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing research and development in energy data solutions.
4. Grant
   • Amount Raised: USD 145,000
   • Date: January 2020
   • Lead Investors: Massachusetts Clean Energy Center
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To advance clean energy initiatives and technology development.
5. Seed
   • Amount Raised: USD 7,000,000
   • Date: June 2019
   • Lead Investors: The Westly Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
6. Grant
   • Date: October 2017
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage research and development.
7. Grant
   • Date: September 2017
   • Lead Investors: Startup Canada
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To foster innovation and support startup growth.
8. Seed
   • Amount Raised: USD 2,000,000
   • Date: November 2016
   • Lead Investors: Tokyo Electric Power
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop initial product offerings and establish market presence.

Total Amount Raised: USD 47,220,932. Current Valuation: Not publicly disclosed.

Key Investors

• BMW i Ventures
  • Details: BMW i Ventures is the venture capital arm of BMW Group, focusing on high-potential startups. They invest in companies that can shape the future of mobility and transportation.
  • Investment Focus Areas: Mobility, transportation, sustainability.
  • Notable Investments: ChargePoint, RideCell, Solid Power.
• Sentinel Global
  • Details: Sentinel Global is a private equity firm that invests in technology-driven companies. They aim to support businesses that have the potential for significant growth and innovation.
  • Investment Focus Areas: Technology, cybersecurity, data analytics.
  • Notable Investments: Not publicly disclosed.
• Bosch Ventures
  • Details: Bosch Ventures is the corporate venture capital arm of Bosch Group, focusing on innovative startups. They aim to foster new technologies and business models.
  • Investment Focus Areas: Mobility, industrial technology, energy.
  • Notable Investments: Not publicly disclosed.
• The Westly Group
  • Details: The Westly Group is a venture capital firm that invests in smart energy and mobility. They have a strong track record with several companies going public.
  • Investment Focus Areas: Smart energy, mobility, technology.
  • Notable Investments: Tesla Motors, Luminar, VIA.
• Swiss Federal Office of Energy
  • Details: The Swiss Federal Office of Energy is a government agency responsible for energy policy in Switzerland. They support projects that promote energy efficiency and renewable energy.
  • Investment Focus Areas: Renewable energy, energy efficiency, sustainability.
  • Notable Investments: Not publicly disclosed.

What's Next for VIA?

VIA stands at the cusp of significant growth, driven by the increasing demand for AI in the energy sector. With a recent $10 million Series A investment, the company is poised to expand its customer base in the U.S. and Western Europe, hire top talent, and accelerate the delivery of its software platform. This expansion aligns with industry trends towards clean energy and data privacy, presenting vast opportunities for VIA to lead in AI-driven energy solutions.

Future fundraising appears promising, given the strong investor interest and the company's ambitious growth plans. The successful Series A round, coupled with anticipated key hires and new partnerships, suggests that VIA may pursue additional funding rounds to support its expansion and technological advancements. However, challenges such as overcoming data access and privacy issues, and meeting high security standards, remain critical hurdles that VIA must navigate to sustain its growth trajectory.

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