# Transcend Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transcend-software

- Industry: Software
- Headquarters: Princeton, US
- Website: www.transcendh2o.com
- Total disclosed funding: $23M
- Latest round: Series B (Jun 29, 2023)
- Investors on record: 14

## About

Transcend Software, Inc. is a US-based company providing innovative design automation solutions for critical infrastructure projects, focusing on efficiency in water and wastewater treatment facilities and transmission and distribution assets.Founded in 2019 in Princeton, US, Transcend Software, Inc. specializes in design automation software. The company has completed 3 deals, with its most recent funding round, a Series B, raising USD 19.68 mn on June 29, 2023, from investors including Arosa Capital Management and Autodesk. The firm was co-founded by Adam Tank and Ari Raivetz, with Ari Raivetz also serving as the current CEO.Transcend Software Inc. offers innovative design automation solutions primarily through its flagship product, the Transcend Design Generator (TDG). This software is engineered to create optimized, unique designs for critical infrastructure projects, including water and wastewater treatment facilities and transmission and distribution (T&D) assets. TDG automates complex engineering decisions and calculations across various disciplines, streamlining capital planning and budgeting processes. Its end users include asset owners, utilities, engineering firms, and individual engineers, enhancing project efficiency across over 70 countries.Transcend operates on a subscription-based revenue model, where clients pay for access to TDG and its associated services. The company generates revenue primarily through Software-as-a-Service (SaaS) subscriptions, providing clients continued access to the software and updates. Collaborations with engineering firms and utilities further enhance market reach, while tailored pricing plans reflect the sophisticated capabilities of TDG.In June 2023, Transcend Software, Inc. raised USD 19.68 mn in Series B funding. The company plans to utilize this funding to expand its customer base, focusing on introducing new products and enhancing its market presence. Specific details regarding upcoming product launches or geographic expansions have not been disclosed.

## Funding rounds

- Series B, Jun 29, 2023, $20M — Riverstone Holdings, Autodesk, Arosa Capital Management, PureTerra Ventures, HG Ventures, National Grid Partners, Aspen Capital Group
- Series A, Aug 11, 2020, $3M — WL Ross & Co, Idinvest Partners, GCP Gamma Capital Partners, International Finance Corporation, CITIC Capital Holdings, XPV Water Partners, Vespucci Partners

## Investors

- WL Ross & Co (https://capitalatlas.ai/funds/wl-ross-co) — Series A
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series A
- GCP Gamma Capital Partners (https://capitalatlas.ai/funds/gcp-gamma-capital-partners) — Series A
- International Finance Corporation — Series A
- CITIC Capital Holdings (https://capitalatlas.ai/funds/citic-capital-holdings) — Series A
- XPV Water Partners (https://capitalatlas.ai/funds/xpv-water-partners) — Series A
- Vespucci Partners (https://capitalatlas.ai/funds/vespucci-partners) — Series A
- Riverstone Holdings (https://capitalatlas.ai/funds/riverstone-holdings) — Series B
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Series B
- Arosa Capital Management — Series B
- PureTerra Ventures (https://capitalatlas.ai/funds/pureterra-ventures) — Series B
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series B
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series B
- Aspen Capital Group (https://capitalatlas.ai/funds/aspen-capital-group) — Series B