Transcend Software, a software-as-a-service (SaaS) provider of generative design and engineering automation tools, has announced the completion of a US$10 million equity investment led by Aspen Capital Group, HG Ventures, and PureTerra Ventures, also with participation from existing investor Vespucci Partners.
Transcend’s SaaS platform, the Transcend Design Generator (TDG), is an integrated water treatment design platform, enabling industry participants to design more sustainable water and wastewater facilities. Designs can incorporate new technologies and be assessed for Capex, Opex, land footprint, carbon footprint, and other variables with a level of detail and accuracy.
Ari Raivetz, CEO of Transcend, said: “The water industry is full of new innovations, but the ability for these technologies to be incorporated into feasibility studies and actual projects is a major challenge. By using software to automate preliminary engineering, Transcend aims to rapidly change the way technology is specified and sold in this industry. The time and money saved will be shifted to investment in the actual infrastructure itself.”
Since 2013, TDG has been utilised and facilitated designs of over 7,500 treatment facilities. Transcend will use the proceeds from the investment to drive continued innovation across the water infrastructure market.
John Haesler of Aspen Capital Group added: “TDG provides tangible savings to customers and drastically expediates the design process. We are thrilled to partner with Ari, Steve and the entire Transcend as their innovation drives change across the global water infrastructure market.
“Transcend’s team is creating a new category of software solutions that bridge the gap between engineering disciplines to achieve improved design alternatives and increased water infrastructure opportunities.”