Troutman Pepper Advises VIA in $10M Series A Financing
SOMERVILLE, Mass. – Troutman Pepper client VIA, a global leader in AI and privacy-preserving software for the energy industry, has raised $10 million in Series A financing, more than doubling its valuation. Lead investor, The Westley Group, was joined by a top five Silicon Valley-based enterprise software company and Prefix Capital. Read VIA’s press release about the financing.
VIA’s software platform uses blockchain to help utilities, clean energy companies, and government agencies overcome common barriers to AI and accelerates the AI required for clean energy transition. This financing will support the company’s next phase of growth, which includes hiring best-in-industry talent, expanding its customer base – particularly in the United States and Western Europe – and fast-tracking the delivery of its software platform, in support of its clean energy mission.
Troutman Pepper’s Dan Sieck, Joseph Guagliardo, Stephen Fox , and Ken Minturn counseled VIA in connection with its capital raise.
Troutman Pepper regularly advises startup, emerging growth, and venture capital clients through every stage of their life cycle. Industries served span software (including distributed ledger and blockchain technology), hardware and other high-technology fields, life sciences, biotechnology, pharmaceuticals and medical devices, financial technology, healthcare, consumer products, food and beverage, media and telecommunications products and services, and many others.
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