VanPatten joins team to drive strategic partnerships and manage capital following $20M Series B
PRINCETON, N.J. – (NOV. 7, 2023) — Transcend Software Inc. (“Transcend”), the leading SaaS provider of generative design tools for critical infrastructure, today announced the appointment of Lisa VanPatten as Chief Financial Officer. In her new role, Lisa will drive strategic initiatives—including key partnerships, capital management and potential acquisitions—and lead financial strategy following the company’s $20M Series B funding round this summer.
“With talent shortages and budget constraints holding the infrastructure industry back, the market need for innovative solutions like the Transcend Design Generator continues to grow,” said VanPatten. “In my new role, I look forward to fostering a culture of growth and improvement and aligning financial strategy with the company’s long-term business goals.”
VanPatten brings 30 years of professional accounting, finance, and management experience and a robust background in financial leadership to Transcend, having served as CFO and Vice President of Finance across both publicly traded and privately held companies. Prior to Transcend, VanPatten served as Executive Director at MorganFranklin, helping build out the company’s overall consulting practice in Atlanta and the Southeast. As CFO of various high-tech and manufacturing industry organizations, VanPatten has helped raise over $350M in private equity, debt and bridge loans, and $750M in public funds on the NYSE.
“Lisa’s deep financial acumen and emotional intelligence made her a natural fit for our culture and mission,” said Ari Raivetz, Founder and CEO of Transcend. “We are excited to work with her to propel Transcend’s growth and further our mission to transform the infrastructure landscape with our innovative generative design solutions.”
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. In less than two years, outcome-driven designs generated through Transcend’s software have already positively impacted the lives of over 100M people in 65 countries around the globe.
Transcend is a B2B Software-as-a-Service company focused on design and engineering automation for critical infrastructure. Their flagship product, the Transcend Design Generator (“TDG”), integrates process, mechanical, structural, electrical, civil, and architectural design disciplines into a hosted cloud-based software and generative design platform that permits users to input data and automatically generate a preliminary engineering design for critical infrastructure projects and vertical assets, including automatic generation of a wide variety of engineering documents and files. For more information, visit them at https://transcendinfra.com/, or follow them on LinkedIn at https://www.linkedin.com/company/transcend-infra