Bentley Systems, Incorporated, a leading infrastructure engineering software company, has announced its acquisition of Blyncsy, a provider of artificial intelligence (AI) services for transportation departments. The acquisition aims to enhance Bentley Systems’ AI capabilities and support operations and maintenance activities for transportation infrastructure.
Blyncsy, founded in 2014 in Salt Lake City, Utah, specializes in applying computer vision and AI to analyze imagery and identify maintenance issues on roadway networks. The company’s services eliminate the need for manual data collection efforts, reducing costs and improving transportation owner-operators’ awareness of road conditions. Blyncsy can detect over 50 different roadway safety issues, including the location of active construction work zones.
Mark Pittman, CEO of Blyncsy, expressed his commitment to applying the latest AI and machine learning techniques to benefit transportation networks. The acquisition by Bentley Systems will further strengthen the value provided to users and enable the delivery of deeper asset analytics for transportation owners.
Transportation departments have recognized the value of Blyncsy’s services in improving road safety and operational efficiency. Ed Sniffen, Director of the Hawaii Department of Transportation, highlighted the importance of real-time data in managing the highway system effectively. Blyncsy’s weekly reports with graphics and photos detailing road conditions have enabled transportation departments to prioritize resources and address the needs of the system.
Bentley Systems’ iTwin Ventures managing executive, Mike Schellhase, emphasized the significance of Blyncsy’s breakthrough technology. The acquisition will support the development and widespread implementation of asset analytics leveraging infrastructure digital twins, further enhancing Bentley’s iTwin ecosystem.
As part of the acquisition, Blyncsy will integrate with Bentley’s iTwin Platform, allowing immersive integration with engineering and simulation models used by infrastructure owners. Bentley Systems plans to incorporate and bring Blyncsy’s AI services to market as part of its mobility digital twin offerings.
The acquisition of Blyncsy was supported by Ignatious Growth Capital and Advisory, with previous investors including Peterson Ventures, Doug Wells, Elemental Excelerator, Park City Angel Network, OakHouse Partners, and CEAS Investments.
Bentley Systems, with its innovative software solutions, plays a crucial role in advancing the world’s infrastructure. Its offerings, powered by the iTwin Platform, are used by professionals and organizations worldwide for the design, construction, and operation of various infrastructure projects.
In conclusion, Bentley Systems’ acquisition of Blyncsy will bolster the company’s AI services for transportation departments, supporting operations and maintenance activities. The integration of Blyncsy’s AI capabilities into Bentley’s ecosystem will enhance asset analytics and promote the development of infrastructure digital twins, further advancing the global infrastructure industry.
Source: Business Wire
