Probing the Transient Universe with Gravitational Waves: Status and Prospects Laura Cadonati, University of Massachusetts Amherst for the LIGO Scientific Collaboration and the Virgo Collaboration The Laser Interferometer Gravitational-wave Observatory (LIGO) and its sister project Virgo aim to achieve in the next few years the first direct detection of gravitational waves and open a new observational channel for some of the most violent and energetic events in the universe, such as colliding black holes and core-collapse supernovae. The information from gravitational waves, complementary to the multi-wavelength electromagnetic spectrum, neutrinos and cosmic rays, will contribute to a more complete, multi-messenger understanding of such sources as gamma-ray bursts, soft- gamma repeaters, supernovae, and glitching pulsars. In this talk I will review how electromagnetic and neutrino observations and the theoretical understanding of source dynamics and populations are implemented in gravitational wave analyses. I will present selected results from LIGO data and outline prospects for discovery in the advanced detector era, with particular focus on transient signatures.