Bentley Systems-backed ITwin Ventures to acquire Blyncsy.

Bentley Systems-backed ITwin Ventures, investor in startup and early-stage companies focused on digital twin technologies in the built environment, agreed to acquire Blyncsy, a company that uses AI and machine learning to deliver intelligence to improve the safety and efficiency of traffic and transportation network. Financial terms were not disclosed. “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,” Mike Schellhase, Bentley iTwin Ventures Managing Executive.