Many software and solutions companies invest in technology to further their product’s development. For example, Bentley Systems, a developer that focuses on infrastructure engineering, has established Bentley iTwin Ventures to invest in promising technology companies that address opportunities for infrastructure digital-twin solutions aimed at roadways, railways, waterways, bridges, utilities, industrial facilities, and other infrastructure assets.

Bentley iTwin Ventures is a $100 million corporate venture capital fund co-investing in startups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital. It will target investments in transformational digital-twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure.

The fund will invest in early and mid-stage companies that demonstrate ability to develop applications and solutions to leverage and extend infrastructure digital-twin opportunities, particularly in the public works, utilities, industrial and resources infrastructure sectors.  They will be looking for opportunities which can leverage Bentley’s iTwin Platform and open-source toolkits, support subject matter expertise, commercial teaming, and/or global reach and relationships within the infrastructure engineering community.

Bentley’s iTwin Platform provides a scalable open-source foundation for technical and commercial innovation that can combine and connect what digital twins now make possible for infrastructure constituents. Bentley Systems worked with corporate venture capital firm Touchdown Ventures to establish Bentley iTwin Ventures.

The iTwin Ventures fund is a part of Bentley Systems’ Acceleration Initiatives that was launched in 2020 to invest in new and incremental participants in open ecosystems to advance infrastructure digital twins. The Bentley Systems Acceleration Initiative is chartered to accelerate the creation and curation of digital twins, and to foster technologies and innovations so enabled, by nurturing new ventures, making minority investments through Bentley iTwin Ventures, and acquiring and expanding digital integrators.

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