Bentley Systems, Incorporated (Nasdaq: BSY) has acquired Blyncsy, enhancing infrastructure analytics for transportation operations through iTwin Ventures’ digital twin ecosystem.
Blyncsy, founded in 2014 in Salt Lake City, Utah by CEO Mark Pittman, analyzes photographs to identify road maintenance needs. Its unique technology improves efficiency by replacing manual data collection for DOTs.
Pittman mentioned, “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. 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,” said Hawaii Department of Transportation Director Ed Sniffen.
“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,” claimed Mike Schellhase, managing executive of Bentley’s iTwin Ventures.
Blyncsy will connect with Bentley’s iTwin Platform, boosting infrastructure engineering and simulation models. Bentley will incorporate Blyncsy’s AI services into its mobility digital twin solutions, with funding from Ignatious Growth Capital. Blyncsy’s investors include Peterson Ventures, Doug Wells, and others.
