• HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • CONTACT US
91-22-24193000
Subscriber@ASAPPinfoGlobal.com
Infrastructre Today
Advertise Here [728px W x 90px H pixels]
  • BEST STORIES
  • INTERVIEWS
  • SPECIAL
  • POLICY UPDATES
  • EVENTS
  • FINDEX
  • ARCHIVES
  • Covid-19 Updates
Bentley Systems Commits $100 Million to Put Infrastructure Digital Twins Rollout in Top Gear

Bentley Systems Commits $100 Million to Put Infrastructure Digital Twins Rollout in Top Gear

Web Exclusive  /  Nov 11, 2020

The infrastructure engineering software company, Bentley Systems Inc. has announced the establishment of Bentley iTwin Ventures 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.

Bentley iTwin Ventures is a $100 million corporate venture capital fund that fosters innovation by co-investing in start-ups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital. The fund will target investments in transformational digital twin solutions supporting the design, stimulation, construction and operations of physical infrastructure.

Bentley iTwin Ventures will invest in early and mid-stage companies that demonstrate the ability to develop applications and solutions that leverage and extend infrastructure digital twin opportunities, particularly in the public works and utilities, and industrial and resources. The fund will invest in opportunities that can leverage Bentley’s iTwin platform and open-source toolkits, supporting subject matter expertise, commercial teaming, and 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 it 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,” he added.

Bentley Systems worked with corporate venture capital firm Touchdown Ventures to establish Bentley iTwin Ventures. An initial investment in FutureOn was announced on October 16.

Tags Cloud
  • Bentley Systems
  • Bentley Itwin Ventures
  • Digital Twin Solutions
Advertise Here [468 W x 60 H pixels]
YOU MIGHT ALSO LIKE

Comments (0)

Leave a comment

Name *
E-mail *
Message *
Verification Code *
  Change Image

Loading ...
Subscribe to our Magazine | Newsletter
Social
Become a fan
Like
Follow us
Follow
RSS
Subscribers
Most commented
1Our contribution to IRE has doubled in 2 years
1'Lenders' concern - risky execution in highway concessions
1About 1.3 per cent of land in India gets converted into wasteland every year
Latest Comments
1
Three Lines Shipping says:
Agree. Developing a domestic transshipment port is a good idea if we talk about seaports, there are several countries and commercial centers around the world that don’t have a seaport and these countries have to use the seaports of other countries in order to import or export their cargo, which will give a competitive advantage.
2
kishore tamidela says:
Adhering to international best business practices with niche boutique firms could open doors to easily tap financing from institutional investors both debt and equity.
Advertise Here [300px W x 600px H pixels]

Posts Categories

  • BEST STORIES
  • INTERVIEWS
  • SPECIAL
  • POLICY UPDATES
  • SECTORS
  • EVENTS
  • FINDEX
  • ARCHIVES

Twitter Feeds

Tweets by @InfraToday

Contact Us

ASAPP Info Global Services Pvt Ltd.

A-303, Navbharat Estates,
Zakaria Bunder Road,
Sewri (West),
Mumbai - 400 015,
Maharashtra, India


Tel : 91-22-24193000, Fax : 91-22-24175734
Email : Subscriber@ASAPPinfoGlobal.com
Website: www.ASAPPInfoGlobal.com
  • HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • PARTNERS
  • PRESS
  • CONTACT US

© COPYRIGHT 2019 ASAPP Info Global Services Pvt Ltd. All Right Reserved.

Infrastructure Today

India's Premier Magazine for Nation Builders