Transcend, a provider of cloud-based generative water, wastewater, and power infrastructure design tools, announced that it had closed a Series-B financing round with participation from Autodesk. 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," the company said. "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."
Engineering design support tools in general have a long history in many disciplines. The typical selling message is that engineers can do more accurate work in less time, meaning projects can proceed more rapidly.
"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," the company says. "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."
The company says that it will use the money to better support its market strategy and product roadmap, further establishing its market position design software for critical infrastructure.
According to Transcend, its product's interface allows users, even with users with "minimal" engineering knowledge, "to generate and analyze complete preliminary wastewater treatment facility designs." By providing input parameters, "engineering decisions take place in a completely automated fashion."
Of course, such a generated design would need review by experienced and likely licensed engineers. However, if it does as the company says, it would be a use of generative artificial intelligence technology to speed normal development.
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