Bentley iTwin Ventures

Bentley iTwin Ventures, established in 2020 and based in Exton, Pennsylvania, serves as the corporate venture arm of Bentley Systems. It focuses on fostering innovation through strategic investments in startups and early-stage companies that develop digital twin solutions for various infrastructure sectors, including roadways, railways, waterways, bridges, utilities, and industrial facilities. With a capital commitment of $100 million, Bentley iTwin Ventures primarily targets seed to series B investments in technologies that enhance design, simulation, construction, and operational efficiency of physical infrastructure. The firm aims to support advancements in infrastructure by promoting digital transformation within the industry.

Tom Kurke

Vice President, Acceleration Ventures

Ram Pratti

Principal, Portfolio Success

13 past transactions

Overstory

Series A in 2023
Overstory is a technology company that uses AI and advanced satellite imagery analysis to help electric utilities manage vegetation risks around their power lines. By identifying and prioritizing potential hazards before they cause outages or wildfires, Overstory enables transmission and distribution operators to optimize resources, improve operational efficiency, and enhance grid resilience.

Plotlogic

Series B in 2023
Plotlogic Pty Ltd is an Australian technology company specializing in ore characterization systems for the mining sector. Based in Brisbane and established in 2005, it employs advanced hyperspectral imaging and AI-driven platforms to enable mine operators to accurately identify the location and material properties of every rock in the mine. Its key products include OreSense LV, which assesses deviations from geological models; OreBlocks, an API for optimizing the planning process; and OreCheck, which delivers real-time alerts to fluctuations in ore quality. The company aims to enhance yield in critical mineral extraction while promoting sustainable mining practices by improving ore recovery, minimizing dilution, and reducing carbon emissions. Plotlogic also offers tailored on-site and off-site support services to ensure effective use of its technologies across various commodities, including coal, iron ore, and gold.

Flow Labs

Venture Round in 2023
Flow Labs is an AI-powered platform focused on enhancing transportation efficiency through advanced traffic optimization software. The company analyzes and monitors traffic flow across urban areas, providing accurate and comprehensive data on traffic patterns. By predicting traffic trends and optimizing traffic signal operations, Flow Labs enables commuters to reduce travel times and assists clients, including toll operators, in preventing accidents and alleviating congestion. Its innovative approach not only improves overall traffic management but also contributes to cost savings for its users.

Overstory

Seed Round in 2022
Overstory is a technology company that uses AI and advanced satellite imagery analysis to help electric utilities manage vegetation risks around their power lines. By identifying and prioritizing potential hazards before they cause outages or wildfires, Overstory enables transmission and distribution operators to optimize resources, improve operational efficiency, and enhance grid resilience.

Transect

Series A in 2022
Transect LLC is a company that specializes in environmental due diligence software tailored for oil and gas pipeline developers, as well as other industries such as renewable energy, real estate, and environmental consulting. Founded in 2016 and based in San Antonio, Texas, Transect offers an online platform that identifies environmental risks associated with projects and elucidates the relevant regulations and permits. Its primary products include transect reports, which provide a comprehensive understanding of environmental risks, and transect vision, a tool for prospecting suitable project sites. The platform delivers detailed summaries of environmental reports, permitting pathways, and timelines, along with recommendations to facilitate project advancement. By serving various sectors, Transect aims to streamline site selection and critical issue analysis, enabling clients to navigate environmental challenges effectively.

ConCntric

Seed Round in 2022
ConCntric is a pioneering pre-construction platform designed to enhance transparency, collaboration, and profitability while reducing risk in the construction industry. Developed by a team with extensive experience in construction, the platform uniquely integrates data, cost decisions, value engineering forecasts, and program changes to establish the parameters for successful construction projects. By providing predictive insights, ConCntric empowers estimators to mitigate project risks and offers general contractors, owners, and architects a comprehensive view of project health. The platform aims to simplify project management for construction professionals by aligning design costs and managing budget risks throughout the construction phase. Currently, ConCntric is accepting applications for beta and pilot phases, seeking to reshape the future of pre-construction processes.

SurplusMap

Pre Seed Round in 2022
SurplusMap is a developer of a digital geo-intelligence platform aimed at facilitating the green transition. The company collaborates with municipalities, energy companies, and emerging industries to identify optimal co-location opportunities that attract green investments. Utilizing machine learning algorithms, SurplusMap analyzes historical data to predict future trends in electric vehicle adoption and charging demand, while also providing insights into the deployment and optimization of charging infrastructure. Their platform supports urban planners and city administrators in promoting sustainable transportation and enhances the development of green hydrogen, data centers, energy-intensive industries, and microgrid locations. By streamlining communication and offering actionable data, SurplusMap plays a vital role in advancing environmentally friendly initiatives.

Plotlogic

Series A in 2022
Plotlogic Pty Ltd is an Australian technology company specializing in ore characterization systems for the mining sector. Based in Brisbane and established in 2005, it employs advanced hyperspectral imaging and AI-driven platforms to enable mine operators to accurately identify the location and material properties of every rock in the mine. Its key products include OreSense LV, which assesses deviations from geological models; OreBlocks, an API for optimizing the planning process; and OreCheck, which delivers real-time alerts to fluctuations in ore quality. The company aims to enhance yield in critical mineral extraction while promoting sustainable mining practices by improving ore recovery, minimizing dilution, and reducing carbon emissions. Plotlogic also offers tailored on-site and off-site support services to ensure effective use of its technologies across various commodities, including coal, iron ore, and gold.

Evercam

Seed Round in 2021
Evercam Limited is a Dublin-based technology company founded in 2013 that specializes in providing a software-as-a-service (SaaS) platform for managing cameras on construction sites. Its innovative application programming interface allows developers to create software compatible with any internet-connectable camera. Evercam's technology focuses on improving construction project management through features such as high-resolution capabilities, construction time-lapse videos, and live streaming. Furthermore, the integration of artificial intelligence and machine learning enhances project visibility and communication among teams, helping construction companies to avoid disputes during incident investigations and maintain comprehensive footage of their projects.

UnEarth

Convertible Note in 2021
Unearth Technologies, Inc. is a Seattle-based company founded in 2016 that specializes in cloud-based GIS mapping software designed for the construction sector. The company focuses on enhancing data and workflow management to address challenges such as declining productivity, cost overruns, delays, and narrow profit margins. Its innovative OnePlace platform serves as a mobile GIS solution, facilitating the management of field operations across critical infrastructure industries, including transportation, energy, and telecommunications. By integrating work, asset, and team management, Unearth aims to streamline construction workflows and improve overall efficiency in project execution.

Sewer AI

Venture Round in 2021
Sewer AI Corporation specializes in developing artificial intelligence-based tools for inspecting, identifying, and analyzing defects in sewer infrastructure. Based in Walnut Creek, California, Sewer AI offers a cloud-based software platform called AutoCode, which enhances sewer inspections by storing data and allowing users to stream videos, access reports, and utilize data analytics for risk assessment. The company’s SewerAI Inspection Management Platform (IMP) serves as a comprehensive web-based tool for managing inspection data, while its AI Inferences and Cross Bore Audit algorithms analyze archival video datasets. Founded in 2019, Sewer AI aims to assist municipal operators in quickly and accurately assessing their sewer systems, facilitating effective planning for rehabilitation and maintenance.

Niricson

Seed Round in 2021
Niricson is a technology company that specializes in developing an AI-based predictive analytics platform focused on infrastructure asset management. The company's offerings include the AUTOSPEX platform and DRONIC, which provide asset managers and civil engineers with essential insights and multi-defect layer visualization regarding the condition of their assets. By enabling users to gather valuable insights, Niricson's solutions allow for proactive planning of asset repairs, effective budget management, and enhanced safety assurance for critical structures, such as hydro dams. This technology aims to improve the accuracy and cost-effectiveness of maintenance and management efforts for engineering consulting firms and asset owners.

FutureOn

Venture Round in 2020
FutureOn is a company specializing in visual engineering solutions for the oil and gas subsea sector, having evolved from Xvision, a division of the EXP group with over 15 years of industry experience. The company has developed a collaborative platform that focuses on field design and application programming interfaces, allowing for seamless integration of backend systems and offshore engineering software. This platform enhances field planning, design, and activity scheduling, thereby helping energy companies improve their workflow processes and achieve better business outcomes. FutureOn's innovative approach aims to optimize operations within the subsea domain, making it a valuable partner for clients in the energy industry.
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