Transcend Software, Inc.
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Transcend Software, Inc. - overview
Established
2019
Location
Princeton, NJ, US
Primary Industry
Software
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.
Current Investors
WL Ross & Co, Idinvest Partners, GCP Gamma Capital Partners
Primary Industry
Software
Sub Industries
Construction, Analytics & Performance Software, Engineering Software
Website
www.transcendh2o.com
Verticals
Cloud Computing
Company Stage
Series B
Total Amount Raised
Subscriber access only
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