Transcend
Assembly Line
Transcend Raises $20M Series B to Automate Critical Infrastructure Design
Transcend Software Inc. (“Transcend”), the leading SaaS provider of generative design tools for critical infrastructure, announced today it has closed on its Series B financing round with participation from Autodesk, Inc., a leading software provider for the architecture, engineering, construction, manufacturing, product design, and media and entertainment industries. Existing investors HG Ventures, PureTerra and Aspen Capital Group also participated in the round, along with new investors Arosa Capital and Riverstone Holdings LLC.
The investment will allow Transcend to continue to expand its customer base, which already includes many of the leading infrastructure players in the world such as Arcadis, Black and Veatch, Brookfield Asset Management, Anglian Water, Xylem, and Veolia. In less than two years, designs generated through Transcend’s software have already positively impacted the lives of over 100M people in 65 countries around the globe.
Transcend’s market-leading generative design software, the Transcend Design Generator (TDG), fully automates the conceptual and preliminary design of critical infrastructure assets, enabling asset owners to reduce design costs and timelines and prioritizes the incorporation of innovative and sustainable technologies. TDG integrates process, mechanical, electrical, and civil engineering calculations and decisions to automatically generate complete and accurate preliminary engineering designs for a variety of water and power infrastructure projects. The outputs include 3D Building Information Modeling (BIM) models, carbon footprint estimates, equipment lists, operating and capital expenditure calculations, and many others.