Bentley Systems acquires Blyncsy21 August 2023
Bentley Systems is bolstering its iTwin Ventures portfolio through the acquisition of Blyncsy, a provider of breakthrough artificial intelligence (AI) services for departments of transportation.
As part of the deal, Blyncsy will adopt Bentley’s iTwin Platform for integration with infrastructure owners’ engineering and simulation models. In addition, Bentley will incorporate and bring to market Blyncsy’s AI services within its emerging mobility digital twin offerings.
Blyncsy applies computer vision and artificial intelligence in analysing commonly available imagery to identify maintenance issues on roadway networks.
Blyncsy’s AI services are said to replace costly and slow manual data collection efforts, reducing the need for personnel or specialised vehicles or hardware in the field and improving transportation owner-operators’ awareness and timely mitigation of road conditions. Blyncsy is claimed to detect more than 50 different roadway safety issues, including the actual location of active construction work zones.
Bentley’s iTwin Ventures managing executive, Mike Schellhase, said, “Blyncsy came to our attention for potential participation in a successive VC investment round. But we were so convinced of the significance of their breakthrough that we undertook its outright acquisition, in order to scale it rapidly and pervasively. We expect investments in widespread asset analytics to accelerate leveraging infrastructure digital twins.”
Bentley Systems UK Ltd
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