Optioneer has been created to help to accelerate the global energy transition by supporting infrastructure developers to improve workplace efficiency, while minimising impact on the environment and communities.

With the platform, energy companies can better visualise, analyse, and assess routing options for power lines, onshore and offshore cables, and pipelines for hydrogen, water, and CO2.

The latest funding round supporting the firm and its platform was led by Singular, the venture capital company, with participation from previous investors such as Techstart Ventures, Credo, and Playfair, as well as angels including executives from SSE, Skyscanner, and UiPath.

Continuum Industries, which was established in 2018 after the founding team met at the University of Edinburgh, currently operates in the UK, US, the Netherlands, Spain, and Italy. It counts the National Grid, SSEN Transmission, National Gas Transmission, Fred., Olsen Seawind, and Iberdrola Group among its customers.

The new batch of investment, which now brings the company’s total funding to $15.5m (£12.7m), is set to support Continuum Industries’ continued growth as it aims to double employee headcount and expand into new territories over the next 12 months.

Speaking on the mission with Optioneer as well as the latest funding round, Grzegorz Marecki, co-founder and CEO of Continuum Industries, said: “We have an exciting and important opportunity to accelerate the march of the infrastructure industry into the digital age and make a lasting impact for people and the planet.

“Having set out to raise a round in challenging economic conditions, we’re pleased to have found new investors in the shape of Singular – alongside our previous backers – who didn’t just see the potential of our technology, but the urgent need to diverge from traditional approaches to transform the sector, and showed a real hunger to support that change.”

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Henri Tilloy, who’s a partner at Singular, also commented, saying: “Infrastructure is a vital, but under-discussed, aspect of the energy transition.

“Without robust, future-fit infrastructure to transport the growing amount of energy and utilities we need – especially as renewables come online in larger and larger volumes – all the innovation that goes into new generation and storage solutions will be wasted.

“Grzegorz and the team at Continuum have built impressive technology and are already working with some significant names to enable infrastructure to be delivered at a pace that matches the urgency of the situation.

“We’re pleased to be supporting them, and look forward to seeing the company grow from strength to strength as it looks beyond the planning stage to become the definitive platform for the infrastructure industry.”