A Hungarian-American company has raised a significant capital investment of approximately HUF 6.7 billion.
Transcend Software Inc. (Transcend), which provides solutions in the field of infrastructure development, announced that it has closed its Series B funding round with the participation of Autodesk Inc. With this, the startup secured $20 million in capital, according to Vespucci Partners Venture Capital Fund Management Zrt., which realized an exit in this round.
The Hungarian-American company Transcend has received a massive capital injection. Its design software, the Transcend Design Generator (TDG), fully automates the design of critical infrastructure assets, enabling utilities to reduce design costs and timelines while prioritizing the adoption of innovative and sustainable technologies.
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