Transect Secures Investment to Catalyze Environmental Workflow
Govciooutlook

Transect Secures Investment to Catalyze Environmental Workflow

By Gov CIO Outlook | Thursday, July 09, 2020

"Primary energy consumption is reaching record highs and the need for energy and transportation infrastructure is critical, but unforeseen environmental hurdles can frustrate progress," said Robin Laine, CEO of Transect. "Our strategic partnership with Blue Bear Capital, an expert investor in the energy and technology markets, will accelerate growth, open us to new customer relationships, and expand our technical, development, and sales teams."

Fremont, CA: Transect, a San Antonio-based B2B SaaS company that partners with energy and other industries to foresee environmental-related risks, closed venture capital funding of undisclosed amount. Blue Bear Capital led the round in which existing investors, including Holt Ventures, have also participated. Gary Horn, CEO of Horn Solutions and return investor, joins the Transect founding team and Vaughn Blake, a partner at Blue Bear Capital, on the board, in conjunction with the funding event.

"Primary energy consumption is reaching record highs and the need for energy and transportation infrastructure is critical, but unforeseen environmental hurdles can frustrate progress," said Robin Laine, CEO of Transect. "Our strategic partnership with Blue Bear Capital, an expert investor in the energy and technology markets, will accelerate growth, open us to new customer relationships, and expand our technical, development, and sales teams."

Top 10 Environmental Technology Solution Companies - 2019Navigating environmental regulations is far more complicated, especially for oil and gas, renewable, and transmission companies, which have current and prospective assets across the nation. Just a few of the many of the challenges that businesses face include identifying endangered species habitat, minimizing wetlands impacts and planning for setbacks, requirements around public land ownership, and navigating federal and local permit requirements. Dealing with these challenges must be done responsibly, but they can slow the acquisition, development, and maintenance of valuable organizational infrastructure. Transect provides an online tool that identifies these and other environmental challenges, pinpoints the relevant regulations and permits, and offers site-specific insight on recommendations and timelines to make informed project decisions. Existing customers include several of the country's largest pipeline and renewable energy infrastructure companies, including Plains All American Pipeline, GE Renewable Energy, and Origis Energy.

Considering the many infrastructure projects proposed by President Trump, such as the U.S.-Mexico border wall or his current $2 trillion infrastructure plan, as well as ongoing uncertainty from regulatory rollbacks, it is more important than ever for the public to have easy access to the best available information about environmental issues. 

"We are all spending more time working from home right now because of COVID-19. With Transect, businesses can find answers in minutes, from anywhere," explains Laine.

"Our firm is thrilled to support Transect as they leverage data and automation software to improve efficiencies, reduce costs, and increase accuracy for energy companies navigating the many environmental workstreams their projects require," said Blake of Blue Bear Capital. "The team's experience and insight are second-to-none, and it's a privilege to support a company that enables the responsible development of our natural resources."

The funding round coincides with the launch of Transect Vision, a prospecting tool that helps Transect users find the perfect project site.

See also: Top Renewable Energy Consulting/Service Companies

 

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