Investments

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Investments

Investments

Investments consist of the following:

	March 31, 2022		December 31, 2021
Cost method investments	$	8,538	$	6,438
Equity method investment	142		—
Total investments	$	8,680	$	6,438

Through iTwin Ventures, the Company invests in technology development companies, generally in the form of equity interests or convertible notes. The Company recorded these investments under the cost method. For the three months ended March 31, 2022, the Company invested $2,111 in cost method investments.

The Company accounts for Digital Construction Works, Inc. (“DCW”) using the equity method. DCW, a 50%-owned joint venture with Topcon Positioning Systems, Inc., operates as a digital integrator of software and cloud services for the construction industry. DCW’s focus is to transform the construction industry from its legacy document‑centric paradigm by simplifying and enabling digital automated workflows and processes, technology integration, and digital twinning services for infrastructure. For the three months ended March 31, 2022, the Company invested $700 in DCW. Pursuant to FASB ASC Topic 850, Related Party Disclosures, the Company has determined that DCW is a related party. For the three months ended March 31, 2022, transactions between the Company and DCW were not material to the Company’s consolidated financial statements.