The Bentley Systems Acceleration Initiatives launched in 2020 to help facilitate innovation in software for the design, construction, and operation of all types of physical infrastructure. A key focus of the Acceleration Initiatives are to accelerate innovation in the emerging category of infrastructure digital twins.
Acceleration Initiatives Charter
The Acceleration Initiatives drive innovation through the following four strategies:
- Acquisition of software companies with innovative solutions for the design, construction or operation of infrastructure.
- Focus on Strategic investments in infrastructure digital twin software companies through Bentley iTwins Ventures
- Providing the Open Source iTwin Platform to enable third party software developers to create digital twin solutions or to enable their existing solutions to participate in digital twin workflows.
- Incubation of digital integrators, technologies, and marketplaces focused on providing services to deliver and implement digital twin solutions.
- Committed to accelerating opportunities to support diversity.
Since it’s inception, Bentley has grown its infrastructure offerings via strategic acquisitions. To date, we have acquired more than 120 companies and/or technologies that supplement our product offerings within our targeted vertical industries. Below are some of our most recent acquisitions.
Bentley iTwin Ventures
Bentley iTwin Ventures is a corporate venture capital fund initiative sponsored by Bentley Systems, Incorporated. It invests in and helps catalyze the growth of companies developing innovative technologies, products, and services which intensify the infrastructure digital twin ecosystem. We are looking to provide seed or early to mid-round financing to AEC companies developing applications or cloud services along with access to subject-matter expertise, sales and marketing channels and integration services. Visit BentleyiTwinVentures.com.
Bentley iTwin Partner Program
The iTwin Partner Program is dedicated to building a community of organizations who share our vision of creating an open ecosystem for infrastructure digital twins. Our partner program supports the development of applications built on the iTwin platform and helps organizations take their digital twin applications to market. Click here to learn more.
Incubation of digital integrators, technologies,
The Acceleration Initiatives help drive digital twin advancement via digital integrators, development, marketing and sales of applications and services that span several infrastructure assets, investments in startup companies and acquisitions.
We cover a wide array of industry verticals such as transportation, water distribution, electrical utilities, oil and gas, renewables, process industries, discrete manufacturing, and more. Our depth of experience ensures we provide solutions for design, analysis, construction, simulation, asset management, and performance within an asset’s lifecycle.
Advancing Infrastructure Digital Twins
There are several strategies the Acceleration Initiatives employ to advance the usage of digital twins amongst designers, contractors and owners.
- Acquire IP in new sectors to augment Bentley’s current portfolio of products and services
- Invest in New High Growth Initiatives such as AI/ML, digital construction management or infrastructure IoT
- Expand Bentley and their third-party ecosystem of products in specific geographic regions through new commercial avenues
- Provide digital integrators to help “wire up” disparate workflows via a digital twin
Founded in 2019, Digital Construction Works, Inc., (DCW) provides digital automation, integration, and fit-for-purpose solutions to automate and optimize the construction process from planning to design through to operations. DCW is transforming the construction industry from its legacy document-centric paradigm and simplifying and enabling digital automated workflows and processes, technology integration, and digital twinning services for infrastructure. DCW is a Topcon Positioning Group and Bentley Systems joint venture company.
Digital Water Works was founded in 2018 and is dedicated to driving innovation for the global water and wastewater industry. The company’s mission is to deliver digital twin solutions to municipal and investor-owned water and wastewater utilities. Like our other digital integrators, Digital Water Works’ unique value is being able to deploy a scalable, flexible, and holistic digital twin to help users better understand and manage their assets, lower risks, reduce life cycle costs, and optimize performance, service, and return on investment.
Digital twins for telecom towers is an initiative that we invested in to support the rapid succession from 4G LTE to 5G and the digital transformation tower owner operators are embracing to manage their critical tower assets.
Bentley OpenTower products are unique in that they meet the needs of both engineers and owner operators with a complete lifecycle tower solution. OpenTower makes it easy to efficiently design, model, and visualize communication towers. OpenTower brings to life a digital twin to provide intelligence for planning, visualization, and inspection. By integrating digital twin technology with existing data, tools, and systems, OpenTower provides real-time decision support with faster and more economical options for 3D visualization and predictive design.
OpenFlows WaterSight is a water infrastructure digital twin technology that enables water utilities to proactively manage real-time water infrastructure data to optimize operational, financial and business continuity resilience. By combining SCADA, GIS, hydraulic modeling, and customer information, it provides situational awareness before, during and after a fire, pipe break, pump outage, or other time-critical event. WaterSight provides insight to engineers and operators for managing events in real-time with smart response strategies that minimize ensuing effects for customers.
Infrastructure Digital Twin Marketplace
The Bentley Acceleration Initiatives help facilitate the adoption of digital twins, as well as meet the every-day business needs of our clients and their project demands, not only through advancing technology, but also by creating a robust marketplace to sell and market solutions.
Bentley’s Acceleration Initiatives champion women and underrepresented minorities (African Americans, Hispanics, and Native Americans) as leaders in technology companies. Typically, only one in four tech startups have female founders, and the numbers are lower for minorities. Acquiring funding is extremely challenging. Women-led companies received less than 3 percent of U.S. investment funds in 2019, and minority-led companies accounted for only 1 percent of funding opportunities. Yet, research from McKinsey indicates that women and minority led companies are often associated with greater profitability, thus “a lack of gender diversity carries with it a major opportunity cost, both for individual tech companies and the entire sector.” Bentley’s Acceleration Initiatives recognize the funding gap for diverse startups and are committed to investing in technology companies owned and led by women and minorities.