Announced
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Acquisition
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United States
software development solutions
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Synopsis
Autodesk, a software provider for the architecture, engineering, construction, manufacturing, product design, and media and entertainment industries, completed the $20m Series B round in Transcend, a SaaS provider of generative design tools for critical infrastructure, with participation from HG Ventures, PureTerra, Aspen Capital, Arosa Capital and Riverstone. "Autodesk feels strongly that new and better ways of designing and making can lead to a more equitable, resilient, and sustainable world for all. So we appreciate how Transcend is applying generative and outcome-based design to accelerate development of sustainable critical infrastructure. This investment and our collaboration with Transcend will help make advanced technologies more accessible to a wide range of asset owners, engineering firms, and equipment suppliers, enabling them to achieve better outcomes faster,” Theo Agelopoulos, Autodesk VP of AEC Design Strategy.
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