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Bentley Systems' iTwin Ventures Acquires Blyncsy, Provider of Innovative AI Services for Transportation Operations and Maintenance

Bentley Systems, Incorporated, the infrastructure engineering software company, today announced the acquisition of Blyncsy.

Blyncsy is a provider of innovative artificial intelligence services for transportation departments to support operations and maintenance activities.

Bentley's iTwin Ventures portfolio's focus on the digital twin ecosystem is enhanced by accelerating the development and diffusion of high-value infrastructure asset analytics.

Founded in 2014 in Salt Lake City, Utah by CEO Mark Pittman, Blyncsy applies vision and artificial intelligence to the analysis of commonly available imagery to identify road network maintenance issues. Pittman originally conceived the company's idea while stuck at a traffic light, believing there had to be a way to combine “real-time” condition data and innovative technologies to help transportation departments become more efficient.

Innovation

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

Pittman stated

“Blyncsy is committed to applying the latest artificial intelligence and machine learning techniques to benefit transportation networks. The agreement with Bentley will only strengthen the value for our users and together we will provide even more insightful asset analysis to transport owners, to support the drivers of today and tomorrow.”

“Safety is our first priority and operational efficiency comes next. We depend on real-time data, such as the information we receive from Blyncsy, to proactively manage the highway system to be as safe and reliable as possible,” said Ed Sniffen, director of the Hawaii Department of Transportation. “The Hawaii Department of Transportation welcomes technology that allows us to operate as productively as possible. Blyncsy provides us with weekly reports with graphs and photos illustrating the condition of the guardrails, roads and vegetation, allowing us to prioritize our resources to address system needs.”

Mike Schellhase, managing director of Bentley's iTwin Ventures, said

“Blyncsy has come to our attention for potential participation in a subsequent venture capital investment round. However, we were so convinced of the relevance of its innovation that we proceeded with its complete acquisition in order to be able to scale it quickly and capillary. We expect investments in widespread asset analytics to further drive the use of infrastructure digital twins.”

Blyncsy to adopt Bentley's iTwin platform for immersive integration with infrastructure owners' design and simulation models, while Bentley will incorporate and 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 include: Peterson Ventures, Doug Wells, Elemental Excelerator, Park City Angel Network, OakHouse Partners and CEAS Investments.

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Blyncsy's AI-powered automated roadside inspection technology detects the presence of paint lines and their visibility. Image courtesy of Bentley Systems.

Automatic pothole detection is a critical variable, as potholes grow as the snowplows and cold hit the roadway. Blyncsy uses artificial intelligence to automatically detect them. Image courtesy of Bentley Systems.

The roads are worn out by the vehicles that drive along them. Different types of vehicles and heavier vehicles wear out the roads faster. Blyncsy's AI application notifies users of changes so they can repair the road at the right time to reduce costs for transit managers. Image courtesy of Bentley Systems.

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

Bentley Systems

Bentley Systems is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure, supporting both the global economy and the environment. Our software solutions Industry leaders are used by professionals and organizations of all sizes in the design, construction and operation of roads and bridges, railroads and transportation, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offering, based on the iTwin platform for infrastructure digital twins, includes MicroStation and Bentley Open Applications for modeling and simulation, Seequent software for geoprofessionals, and Bentley Infrastructure Cloud, including ProjectWise, for project delivery, SYNCHRO for construction management and AssetWise for asset management. Bentley Systems' 5.000 employees generate annual revenues of more than $1 billion in 194 countries.

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