Bentley Systems’ iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance

To Broaden and Accelerate Infrastructure Asset Analytics

EXTON, Pa. – Aug. 14, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus of Bentley’s iTwin Ventures portfolio is bolstered by accelerating the development and propagation of such broadly valuable infrastructure asset analytics.

Founded in 2014 in Salt Lake City, Utah, by CEO Mark Pittman, Blyncsy applies computer vision and artificial intelligence in analyzing commonly available imagery to identify maintenance issues on roadway networks. Pittman originally conceived the idea for the company while stuck at a traffic light, believing there had to be ways to combine “real-time” condition data and innovative technologies to help DoTs become more efficient.

Blyncsy’s disruptive AI services replace costly and slow manual data collection efforts, reducing the need for personnel or specialized vehicles or hardware in the field and improving transportation owner-operators’ awareness and timely mitigation of road conditions. Blyncsy detects over 50 different roadway safety issues, including the actual location of active construction work zones.

Pittman said, “Blyncsy is committed to applying the latest AI and machine learning techniques to benefit transportation networks. This alignment with Bentley will only strengthen the value to our users and together we will provide even deeper asset analytics to transportation owners, to support the drivers of today and tomorrow.”

“Safety is our first priority, and operational efficiency is a high number 2. We depend on real-time data, like the information we receive from Blyncsy, to proactively manage the highway system to be as safe and reliable as possible,” said Hawaii Department of Transportation Director Ed Sniffen. “HDOT embraces technology that enables us to run in the most productive manner possible. Blyncsy gets us weekly reports with graphics and photos detailing guardrail, roadway, and vegetation conditions that provide more tools to allow us to prioritize our resources to address the needs of the system.”

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.”

Blyncsy will adopt Bentley’s iTwin Platform for immersive integration with infrastructure owners’ engineering and simulation models, and Bentley will incorporate and bring to market Blyncsy’s AI services within its emerging mobility digital twin offerings.

The acquisition was supported for Blyncsy by Ignatious Growth Capital and Advisory. Blyncsy’s investors included: Peterson Ventures, Doug Wells, Elemental Excelerator, Park City Angel Network, OakHouse Partners, and CEAS Investments.

Image 1:


Blyncsy’s automated AI road inspection technology detecting paint line presence and its visibility. Image courtesy of Bentley Systems.

 Image 2:


Automated pothole detection is a critical variable, as potholes grow when snowplows and cold weather impact the roadway. Blyncsy uses AI to detect these automatically. Image courtesy of Bentley Systems.

 Image 3:


Roadways are worn down by vehicles driving on them. Different types of vehicles and heavier vehicles wear roadways faster. Blyncsy’s AI application reports changes to users so they can fix the road at the appropriate time to reduce the costs for transportation managers. Image courtesy of Bentley Systems.

Image 4:


Blyncsy’s automated road inspection application uses AI to identify roadway assets, assess their condition, and alert users to problems. Image courtesy of Bentley Systems.

Video:

##

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,000 colleagues generate annual revenues of more than $1 billion in 194 countries.

www.bentley.com

© 2023 Bentley Systems, Incorporated. Bentley, the Bentley logo, Bentley Infrastructure Cloud, Bentley Open, AssetWise, Blyncsy, iTwin, MicroStation, ProjectWise, Seequent, and SYNCHRO are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

- Video Advertisement -

Related Post

Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks

 Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by the visionary 19th […]

Cambodia Unveils Export Service Center to Strengthen International Trade and Empower Local Businesses

In a pivotal move to enhance Cambodia’s global trade footprint, the Ministry of Commerce officially launched the Export Service Center (ESC) on 5 November 2024. This new initiative, dedicated to advancing Cambodian exports, aims to position local products in global markets and equip traders with essential skills and resources to compete internationally. The inauguration ceremony, […]

China Boosts Cambodia’s Digital Transformation with High-Speed Mobile Network Expansion

Cambodia’s digital transformation accelerates with China’s commitment to achieving 100% high-speed internet coverage in urban areas and 70% in rural regions by 2025. Confirmed by HE Wang Winpin, Chinese Ambassador to Cambodia, at the Cambodia-China Digital Economic Cooperation Forum on 4 November 2024, this initiative sees significant Chinese investment in enhancing Cambodia’s telecommunications infrastructure. HE […]

Cambodia’s Major Steps in Wastewater Management as 122 Factories Commit to Automated Liquid Waste Control

A total of 122 Cambodian factories and enterprises have agreed to install automated monitoring systems for liquid waste control, aligning with national environmental regulations. As of October 2024, five factories have fully installed and activated these self-monitoring systems, while 10 others are currently under contract for installation, according to an announcement by the Ministry of […]

Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally

Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making. PHILADELPHIA — 2024 AASHTO Annual Meeting & Expo — October 29, 2024 — Blyncsy, a Bentley Systems Inc. (Nasdaq: BSY) company, today announced it published a comprehensive public […]

Bentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint

Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets and simplifies embodied carbon reporting with added 3D visualisations. VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities […]