Bentley Launches $100MM iTwin Ventures Fund

Written by Marybeth Luczak, Executive Editor
“The fund will target investments in transformational digital twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure,” said Bentley Systems.

“The fund will target investments in transformational digital twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure,” said Bentley Systems.

Bentley Systems, Inc., has launched a $100 million corporate venture capital fund to “invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions for roadways, railways, waterways, bridges, utilities, industrial facilities, and other infrastructure assets.”

The infrastructure engineering software firm worked with Touchdown Ventures to establish Bentley iTwin Ventures, which has made an initial investment in Houston, Texas-based FutureOn.

Bentley iTwin Ventures “fosters innovation by co-investing in startups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital,” according to Bentley Systems. “The fund will target investments in transformational digital twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure.” It will also “invest in opportunities which can leverage Bentley’s iTwin Platform and open-source toolkits, supporting subject matter expertise, commercial teaming, and/or global reach and relationships within the infrastructure engineering community.”  

“Taking advantage of the momentum from Bentley Systems’ initial public offering, we are excited to expand our Acceleration Initiatives by formally launching the Bentley iTwin Ventures fund to support the growth of entrepreneurial companies dedicated to infrastructure digital twin solutions,” said Greg Bentley, CEO of Bentley Systems. “Our iTwin Platform provides a scalable open-source foundation for technical and commercial innovation that will empower a vibrant ecosystem to creatively combine and connect what digital twins now make possible for infrastructure constituents. Proprietary analytics, data services, benchmarking, and infrastructure-as-a-service commercial models, for instance, are not in Bentley Systems’ direct scope, but we are glad to have a stake in bootstrapping these future successes.” 

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