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Investments
12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Investments Investments
Investments consist of the following:
December 31, 2022December 31, 2021
Cost method investments$22,174 $6,438 
Equity method investments96 — 
Total investments$22,270 $6,438 
Cost Method Investments
Through iTwin Ventures, the Company invests in technology development companies, generally in the form of equity interests or convertible notes. In July 2022, the Company acquired an equity interest in Teralytics Holdings AG, a global platform company for human mobility analysis, via contribution of its Streetlytics mobility data business (“Streetlytics”) and cash. The transaction resulted in an insignificant gain from the divestiture of Streetlytics, which was recorded in Other income, net in the consolidated statements of operations for the year ended December 31, 2022. As of December 31, 2022, the investment in Teralytics was $11,130. The Company invested a total of $15,107, including the contribution of Streetlytics, for the year ended December 31, 2022, and $2,781 for the year ended December 31, 2021.
Equity Method Investments
The Company is party to joint ventures, which are accounted for using the equity method. For the years ended December 31, 2022 and 2021, the Company invested $2,343 and $1,300, respectively.