Caterpillar

Caterpillar Inc. is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates through several segments, including Construction Industries, Resource Industries, and Energy & Transportation, offering a wide range of products such as loaders, excavators, mining trucks, and power generation systems. Founded in 1925 and headquartered in Deerfield, Illinois, Caterpillar has established itself as a global leader with a robust dealer and supplier network. The company invests significantly in research and development, allocating over $2 billion annually, and holds a substantial portfolio of patents. Its commitment to innovation and sustainability is evident in its diverse offerings and the support it provides to a large field population of machines and engines worldwide. Caterpillar Ventures, a subsidiary of the company, focuses on making strategic investments in early-stage ventures to foster growth and development through its extensive industry insights and resources.

Jason Kaiser

Group President, Energy and Transportation

73 past transactions

Learning Undefeated

Grant in 2025
Learning Undefeated is a non-profit organization based in Gaithersburg, Maryland, dedicated to enhancing STEM education through innovative and experiential programs. Established in 1991, the organization employs an interdisciplinary approach that integrates science, technology, engineering, and mathematics to create real-world, problem-centric learning experiences. Its mission focuses on providing effective STEM education opportunities, particularly in the biosciences. Among its diverse offerings is the flagship MdBioLab program, along with the Young Science Explorers Program, which collectively aim to bridge the gaps between school, community, health, and business, fostering a deeper understanding and appreciation of STEM fields among participants.

Nth Cycle

Series B in 2023
Nth Cycle is a metal processing technology company that focuses on recovering critical minerals through innovative electro-extraction methods. It collaborates with battery recyclers and mining operations to extract production-grade minerals from e-waste and low-grade mine tailings, offering a cleaner and more customizable alternative to traditional hydrometallurgical and pyrometallurgical processes. By utilizing its advanced recycling technology, Nth Cycle aims to reduce reliance on primary mining, thereby creating a sustainable secondary source of rare earth metals in the United States. This approach supports the manufacturing and recycling industries while contributing to advancements in clean energy.

Redwood Materials

Series D in 2023
Redwood Materials, Inc. is a Nevada-based company focused on advancing sustainable battery recycling technologies to create a circular supply chain for lithium-ion batteries. Founded by JB Straubel in 2017, Redwood specializes in the recycling and processing of end-of-life batteries and electronics to recover critical materials such as lithium, nickel, cobalt, copper, and various metals. The company currently receives approximately 10 GWh of used batteries annually and aims to scale its production of anode and cathode materials to 100 GWh by 2025, sufficient for manufacturing over one million electric vehicles each year. By providing environmentally sound solutions for recycling and refining, Redwood supports industries including electric vehicles, renewable energy storage, and consumer electronics, thereby contributing to a reduction in the environmental impact of battery production and usage.

Novarc Technologies

Series A in 2023
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of innovative robotic solutions for industrial applications, particularly in pipe welding. Established in 2013, Novarc has made significant advancements in collaborative robotics, offering products such as the Spool Welding Robot, which is recognized as the first of its kind for pipe welding. The company also provides custom robotic solutions for various applications, including arc welding, food and beverage handling, and palletizing. With a dedicated team of engineers and scientists, Novarc Technologies aims to address complex industrial automation challenges through the development of collaborative robots and artificial intelligence systems.

Lithos Energy

Venture Round in 2023
Lithos Energy, based in San Rafael, California, specializes in the design and manufacture of lithium-ion battery packs tailored for various applications. The company offers a diverse range of products, including low voltage packs, high voltage packs, rack mount packs, and batteries for vehicles. Their expertise extends to custom energy storage solutions, ensuring that their offerings are safe, reliable, and durable. Lithos Energy serves multiple sectors such as aerospace, automotive, marine, specialty vehicles, and grid storage. By collaborating closely with clients, the company focuses on meeting specific project requirements and delivering solutions that drive client success, supported by in-house prototyping and production capabilities.

Infinitum

Series D in 2022
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Connected Energy

Venture Round in 2022
Connected Energy Ltd specializes in energy storage solutions through its E-STOR technology, which repurposes used electric vehicle batteries for stationary energy storage systems. Founded in 2010 and headquartered in Newcastle upon Tyne, United Kingdom, the company is a subsidiary of Future Transport Systems Ltd. E-STOR enables businesses to store excess energy for later use, optimizing energy efficiency and savings. This innovative technology is compatible with various electric vehicle battery packs, allowing it to communicate using the original equipment manufacturer's proprietary protocols. Connected Energy's systems are operational in several European countries, including the UK, Belgium, Germany, and the Netherlands, with capacities ranging from 60 kW to 1.2 MW, and plans for larger installations exceeding 10 MW. The company's services cater to multiple sectors, including healthcare, education, industry, retail, utilities, and local authorities.

Infinitum

Series D in 2022
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Tangent Energy Solutions

Acquisition in 2022
Tangent Energy Solutions, Inc. is focused on designing, constructing, and financing renewable energy projects. Based in Kennett Square, Pennsylvania, the company operates and maintains energy systems while providing strategic energy evaluation, procurement, and support services to commercial, industrial, and institutional clients, as well as utility suppliers. Tangent Energy Solutions specializes in the management of utility-sized infrastructure and customer loads, enhancing efficiency and economic performance in energy markets. The company's Distributed Energy Resource Management System (DERMS), known as Tangent AMP™, enables it to monitor grid activity, facility performance, and on-site generation assets, allowing customers to seize economic opportunities without disrupting their operations. Additionally, Tangent has a joint venture with Cummins, Inc. to market natural gas generators integrated with advanced energy management technology. Founded in 2009, Tangent Energy Solutions is dedicated to empowering its clients to optimize their energy resources.

BrightVolt

Series B in 2021
BrightVolt, Inc. specializes in the design, development, and mass production of ultra-thin film batteries tailored for various Internet-connected devices, including medical patches, sensor labels, and power cards. The company also creates custom solid-state thin film batteries and power solutions specifically for clients' IoT applications, alongside its Flexion solid-state lithium polymer batteries and thin microelectronics. BrightVolt's patented technology enhances battery chemistry by improving stability and abuse tolerance, allowing for the manufacture of high-energy-density, safe, and reliable solid-state batteries. Based in Redmond, Washington, the company markets its products both domestically and internationally. Founded in 1998, BrightVolt was previously known as Solicore, Inc.

Palladyne AI

Post in 2021
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.

CarbonPoint Solutions

Acquisition in 2021
CarbonPoint Solutions, an energy technology startup based in South Kingstown, Rhode Island, specializes in developing innovative modular power systems for the oil, gas, geothermal, and power markets across North America. The company focuses on advanced oxygen combustion-based power systems, including multi-fuel piston engines and high-pressure turbine engines. In addition to its power generation solutions, CarbonPoint Solutions is engaged in the production of carbon dioxide for large industrial processes and offers consulting and project management services in various energy sectors. The company is also commercializing patented technologies originally developed by the Naval Undersea Warfare Center, including semi-closed cycle generators designed to capture carbon dioxide for sequestration or productive reuse.

Infinitum

Venture Round in 2021
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Seekops

Series B in 2021
SeekOps Inc. specializes in leak detection services for the oil and gas industry, offering advanced gas sensing technology and data solutions for greenhouse gas emissions reporting. Founded in 2017 and based in Austin, Texas, the company provides quantification and handheld concentration measurement services to both service providers and regulators in the United States and internationally. SeekOps utilizes drones and sensors to accurately detect, localize, and quantify natural gas emissions, minimizing false positives. By employing small unmanned aerial vehicles, the company enhances emissions measurement and reporting standards, contributing to improved environmental, health, and safety outcomes in the energy sector.

Vincennes University

Grant in 2021
"Smaller certainly doesn't imply inferior," is one of the self-defining messages of Vincennes University. Located in the small town of Vincenne, Indiana, Vincennes is a university wrapped within a small college, wrapped within a university. Since you get the best of both a small college and large university experience, Vincennes is ideal for those who are looking for an intimate and personalized environment in which to pursue a one, two or four-year degree. Vincennes University admissions require a high school diploma or GED. If you do not have either, contact the admissions office for your options. Academics include over 200 majors offered at Vincennes University in health, sciences, humanities, performing arts and business among others. However, Vincennes University's classes remain small, with an average student-faculty ratio of 15:1. Not only are the classrooms intimate, but college life promises a personal experience as well. For example, all students under age 21 are required to live in one of the six residence halls. Each of the halls features computer labs, kitchens and recreation rooms, promising a socially warm community at "home" as well as in the classroom. Over 40 student clubs and a cluster of sororities and fraternities enhance the personalized social experience while helping to develop leadership and other skills. While small, Vincennes is sure to point out that it certainly isn't lacking in quality, academically or culturally. The Red Skelton Performing Arts Center, a recently-built structure that hosts plays and concerts, is one example of how Vincennes continues to expand. The Donald G. Bell Recreational Facility is another recent addition to the campus. Students may also benefit from participating in one of Vincennes' internship, work-study or volunteer opportunities with a variety of local businesses or charitable organizations. In addition to work-study to assist with tuition, there are loans and partial or full scholarships for home-schooled high school students. There are also scholarships based on academic merit. These and other forms of financial aid are available to those who qualify.

Aatmunn

Series B in 2021
Aatmunn, meaning "soul," is an industrial technology company focused on enhancing the lives of over 2 billion frontline workers worldwide. Despite significant investments in safety and productivity improvements, many frontline workers continue to face hazards, with over 2 million fatalities reported in 2023 alone. Aatmunn addresses these challenges through its AI-powered data fabric and applications, which have garnered the trust of over 150 notable clients, including leading companies in various industries. The company develops a connected platform that integrates advanced proprietary software with both owned and third-party wearable devices. This system proactively monitors users' location, health, and work environment, while analyzing on-the-job data to promote worker safety and streamline frontline operations. Aatmunn has experienced substantial growth, achieving a 100% year-over-year increase in annual recurring revenue.

Weir Minerals

Acquisition in 2020
The Weir Group is an engineering company that specializes in providing equipment and services for the mining and oil and gas sectors. Founded in 1871 and headquartered in Fort Worth, Texas, the company focuses on enabling the efficient extraction and transportation of essential raw materials. Weir Minerals, a key division, offers tailored processing solutions to the mining industry, including classification, separation, crushing, and grinding equipment, along with advanced wear lining materials that protect valuable assets. The Oil & Gas division supports various operations, including drilling and production, by providing a comprehensive range of products and services designed for challenging environments. The Weir Group's technology enhances productivity, safety, and sustainability across its markets, ultimately contributing to effective resource management and operational efficiency.

Marble

Acquisition in 2020
Marble is a San Francisco-based company that designs, develops, and manufactures robots specifically for last mile logistics applications. The company focuses on creating a fleet of intelligent courier robots that can reliably and securely transport essential goods such as groceries, meals, and medicine. By leveraging advanced robotics technology, Marble aims to enhance the efficiency of delivery services and meet the growing demand for convenient transportation solutions.

Powerhive

Series B in 2019
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.

Fisker

Venture Round in 2018
Fisker, Inc. is an American company headquartered in Manhattan Beach, California, that designs and manufactures electric vehicles and mobility solutions. The company focuses on creating eco-friendly vehicles that evoke emotional connections, aligning with its mission to promote a sustainable future for all. Fisker aims to position itself as an e-mobility service provider, emphasizing the development of innovative electric vehicles that are both environmentally friendly and desirable to consumers. Historically, Fisker Automotive gained recognition for the Fisker Karma, which was among the first luxury plug-in hybrid electric vehicles, but production was halted due to financial challenges. Today, Fisker, Inc. continues to pursue advancements in electric mobility, striving to revolutionize the automotive industry with its commitment to sustainability and design.

Aatmunn

Series A in 2018
Aatmunn, meaning "soul," is an industrial technology company focused on enhancing the lives of over 2 billion frontline workers worldwide. Despite significant investments in safety and productivity improvements, many frontline workers continue to face hazards, with over 2 million fatalities reported in 2023 alone. Aatmunn addresses these challenges through its AI-powered data fabric and applications, which have garnered the trust of over 150 notable clients, including leading companies in various industries. The company develops a connected platform that integrates advanced proprietary software with both owned and third-party wearable devices. This system proactively monitors users' location, health, and work environment, while analyzing on-the-job data to promote worker safety and streamline frontline operations. Aatmunn has experienced substantial growth, achieving a 100% year-over-year increase in annual recurring revenue.

Palladyne AI

Series B in 2018
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.

MineSense

Series D in 2018
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

Victoria Gold

Post in 2018
Victoria Gold Corp. is a mining company focused on the acquisition, exploration, and development of mineral properties, primarily targeting gold deposits. Its flagship asset is the Dublin Gulch property in central Yukon, Canada, which encompasses the Eagle and Olive-Shamrock gold deposits over an area of approximately 555 square kilometers. The Eagle Gold Mine Project, located about 375 kilometers north of Whitehorse, is an open-pit, heap leach operation that exemplifies the company's commitment to gold mining. Founded in 1981 and headquartered in Toronto, Canada, Victoria Gold Corp. was formerly known as Victoria Resource Corporation before rebranding in 2008.

Fastbrick Robotics

Post in 2017
Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercialising digital construction technology solutions. Fastbrick Robotics’ revolutionary bricklaying machine Hadrian X represents the first application of the Company’s underlying intellectual property portfolio. Hadrian X is a globally patented 3D robotic bricklaying system and marks the transition to dynamically stabilised robots (DSR) operating outdoors in uncontrolled environments. Fastbrick is currently advancing its robotics technology through a Memorandum of Understanding (MOU) with Caterpillar Inc. (NYSE:CAT) demonstrating global scalability and a MOU with the Kingdom of Saudi Arabia highlighting customer demand for Fastbrick's technology. Fastbrick is committed to improving the safety, speed, accuracy, cost and waste management in the global construction industry through utilising the world’s latest innovations in mobile robotic technology. To learn more, please visit www.fbr.com.au.

Riivos (formerly Alight Inc.)

Series A in 2017
Our industry cloud applications give managers and their teams the power to realize optimum financial performance by seeing the financial ripple effects of business condition changes and management decisions across their complete value chain. Vertical SaaS tailored to the unique needs of specific industries, we marry advanced technologies with the knowledge of industry experts. Pioneer in continuous value chain management.

Alight Solutions

Series A in 2017
Alight Inc. offers integrated, cloud-based human capital solutions designed to help clients manage their health, wealth, and human resources needs. The company's services include human capital management (HCM) solutions such as advisory services, cloud deployment, application management, and payroll administration. Additionally, Alight provides health solutions like benefits administration and healthcare navigation, along with wealth management services that encompass defined contribution and benefit administration, managed accounts, and financial wellbeing tools. The company serves a diverse clientele, including Fortune 500 companies, and operates primarily in the United States, with a presence in international markets. Headquartered in Lincolnshire, Illinois, Alight Inc. was incorporated in 2018.

Yard Club (acquired by Caterpillar)

Acquisition in 2017
Founded in San Francisco in 2013, Yard Club is dedicated to building technology to help the men and women who build our world. They produce construction tech platforms that help contractors and equipment rental companies better manage their owned and rented equipment fleets with the goal of maximizing utilization of their capital assets. In 2016, the company processed $120 million in transactions across over 2,500 contractors and rental companies.

Kemper Valve & Fittings

Acquisition in 2017
Kemper Valve & Fittings Corp. is a manufacturer and supplier of pressure pipe unions and related oilfield fluid control products, primarily serving the oil and gas industry in the United States. Founded in 1965 and headquartered in Island Lake, Illinois, the company offers a diverse range of products, including oilfield hammer unions, plug valves, swivel joints, pup joints, hose loops, check valves, pressure relief valves, and high-pressure fittings. Kemper Valve & Fittings operates multiple locations across the United States and Canada, including Texas, Oklahoma, Pennsylvania, Colorado, Arkansas, Utah, and Alberta. As of December 2016, it functions as a subsidiary of Caterpillar Oil & Gas.

busybusy

Venture Round in 2017
Busybusy, Inc. is a software development company focused on the construction industry, headquartered in Saint George, Utah. Founded in 2010, it offers a digital timesheet mobile application for both iPhone and Android devices, designed to automate labor and cost management. The busybusy application streamlines time and GPS labor tracking, job costing, and documentation, providing real-time insights that enable construction businesses to optimize operations and improve productivity. Its user-friendly mobile system is particularly suitable for construction contractors and small to medium-sized business owners, allowing them to manage labor costs effectively. By delivering powerful tools and advanced technology in an affordable package, Busybusy aims to enhance decision-making and operational efficiency for its customers.

MineSense

Series C in 2017
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

Airware

Venture Round in 2017
Airware is an enterprise drone analytics company that specializes in transforming aerial data into actionable business insights for various industries, including insurance, mining, construction, and aggregates. The company offers commercial drone services that focus on capturing accurate and repeatable data, which enhances decision-making and operational efficiency. By integrating aerial data with existing enterprise workflows, Airware enables organizations to digitize their operations and improve productivity, safety, and overall business impact. Through its innovative solutions, Airware empowers enterprises to harness the potential of drone technology, facilitating a seamless transition into the digital era.

Palladyne AI

Series A in 2017
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.

OTTO Motors

Series B in 2016
OTTO Motors, a subsidiary of Clearpath Robotics Inc., specializes in designing and developing autonomous mobile robots for material handling in manufacturing facilities and warehouses. Founded in 2015 and based in Kitchener, Canada, the company offers two primary products: the OTTO 100, which handles human-scale payloads like boxes and carts, and the OTTO 1500, designed for larger loads such as pallets and racks. These self-driving vehicles utilize infrastructure-free navigation to ensure safe and efficient transportation in dynamic production environments, with applications spanning various industries, including automotive, medical devices, aerospace, and logistics. OTTO Motors combines proprietary hardware, software, and services to enhance operational excellence for its customers.

Clearpath Robotics

Series B in 2016
Clearpath Robotics Inc. specializes in designing and manufacturing self-driving vehicles for various industrial applications. Founded in 2009 and based in Kitchener, Canada, the company provides a range of autonomous solutions, including robotic utility vehicles, unmanned ground vehicles, and heavy load transporters, as well as specialized unmanned aerial and surface vessels. Clearpath's offerings extend to components such as sensors, manipulators, and controllers, as well as services in systems design, navigation, and industrial support. The company's technology aims to enhance the efficiency and safety of material transport in factories and warehouses, allowing for seamless integration into existing workflows without the need for significant infrastructure changes. Clearpath serves over 500 innovative brands worldwide through its industrial and research divisions, Clearpath Robotics and OTTO Motors.

MineSense

Series B in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

Palladyne AI

Venture Round in 2016
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.

Powerhive

Series A in 2016
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.

Uptake

Series B in 2015
Uptake Technologies, Inc. is a technology company that specializes in developing a predictive analytics platform designed to enhance operational efficiency across various industries, including healthcare, insurance, locomotives, construction, and manufacturing. Founded in 2014 and headquartered in Chicago, Illinois, Uptake's platform analyzes sensor data to predict and prevent equipment failures, identify hidden profit opportunities, and uncover new growth avenues. By transforming data into actionable insights, the platform facilitates equipment monitoring, diagnostic troubleshooting, event and condition prediction, and task management, ultimately improving uptime and streamlining operations for its clients.

TriLumina

Venture Round in 2015
TriLumina Corporation, established in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly vertical-cavity surface-emitting lasers (VCSEL) for advanced illumination solutions. The company focuses on applications in 3D sensing and LiDAR technology, catering to automotive, industrial, and mobile markets. TriLumina's patented VCSEL innovations support the rapid development of next-generation technologies, making them a preferred choice for various applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Their products are designed for integration into Time-of-Flight and Long Range LiDAR systems, as well as in-cabin applications, and have attained automotive Grade 1 temperature range AEC-Q102 qualification, ensuring high performance and reliability for clients in demanding environments.

FlexGen

Series A in 2015
FlexGen Power Systems, Inc. specializes in the development and manufacture of energy storage and hybrid power products, including solid state generators, power converters, and software control units. Founded in 2014 and based in Houston, Texas, the company focuses on providing innovative solutions that enhance the performance and reliability of energy systems for industrial clients, utilities, and government agencies. FlexGen's offerings include advisory services, operational maintenance, frequency regulation, and grid support, facilitating the integration of energy storage technologies with both traditional and renewable power generation. By working closely with advanced battery and capacitor manufacturers, FlexGen aims to optimize energy management, reduce electricity costs, and support the effective deployment of utility-scale storage projects worldwide.

Yard Club (acquired by Caterpillar)

Venture Round in 2015
Founded in San Francisco in 2013, Yard Club is dedicated to building technology to help the men and women who build our world. They produce construction tech platforms that help contractors and equipment rental companies better manage their owned and rented equipment fleets with the goal of maximizing utilization of their capital assets. In 2016, the company processed $120 million in transactions across over 2,500 contractors and rental companies.

Caterpillar Marine Asset Intelligence

Acquisition in 2015
ESRG serves as a data analytics provider for the United States Navy, providing remote monitoring and analytics services for warships. Currently ESRG’s proprietary software is monitoring thousands of assets on vessels operating around the world, providing leading edge prognostic recommendations to ship operators and owners.

GTUIT

Venture Round in 2015
GTUIT, LLC specializes in natural gas liquids capture and gas conditioning services tailored for oil and gas producers at well sites. Founded in 2009 and headquartered in Billings, Montana, with a regional operations center in Arnegard, North Dakota, the company offers a range of services including well site gas capture, gas conditioning, and NGL production. Their innovative mobile and modular units effectively reduce flared gas volumes at the wellhead, utilizing proprietary flow control, mechanical refrigeration, and compression technologies. Additionally, GTUIT provides maintenance, equipment setup, and flare gas conditioning services, such as H2S removal. The company is also collaborating with other industry leaders on the GTUIT MobileMidstream initiative, aimed at creating profitable outlets for NGL and conditioned gas. GTUIT distributes its solutions globally through partnerships and associates.

Uptake

Series A in 2015
Uptake Technologies, Inc. is a technology company that specializes in developing a predictive analytics platform designed to enhance operational efficiency across various industries, including healthcare, insurance, locomotives, construction, and manufacturing. Founded in 2014 and headquartered in Chicago, Illinois, Uptake's platform analyzes sensor data to predict and prevent equipment failures, identify hidden profit opportunities, and uncover new growth avenues. By transforming data into actionable insights, the platform facilitates equipment monitoring, diagnostic troubleshooting, event and condition prediction, and task management, ultimately improving uptime and streamlining operations for its clients.

Berg Propulsion International

Acquisition in 2013
Berg Propulsion is one of the world's leading designers and producers of Controllable Pitch Propellers for the shipping industry. Our strength lies in exceptional functional and technical expertise coupled with extensive industry knowledge. We deliver fully customized main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems, and 24-hour service.

ERA Mining Machinery

Acquisition in 2011
ERA is a non-state owned hydraulic roof support manufacturer in the People's Republic of China through its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co., Ltd. which is based in Zhengzhou, Henan.

MWM

Acquisition in 2011
MWM, a prominent brand with over 140 years of experience in distributed energy generation, specializes in sustainable gas engines and gensets. Founded in Mannheim, the company has been at the forefront of innovation since its inception in 1871, continuously developing cutting-edge solutions in the energy sector. MWM is recognized as a leading supplier of highly efficient and eco-friendly cogeneration systems, which combine heat and power generation. Its systems are utilized across various industries, including industrial applications, agriculture, landfill management, sewage treatment, high-tech sectors, mining, healthcare, municipal services, shopping centers, and offshore operations. In addition to providing generator setups and trigeneration solutions, MWM offers maintenance, repair, and training services, ensuring that it remains a reliable partner in delivering customized energy solutions tailored to meet specific client needs.

Pyroban

Acquisition in 2011
Pyroban Group Ltd, established in 1995, specializes in manufacturing explosion-proof equipment designed for hazardous environments. The company serves various industries, including materials handling, cosmetics, pharmaceuticals, logistics, and oil and gas. With facilities in the UK, France, The Netherlands, Singapore, and China, Pyroban provides tailored safety and environmental solutions that include explosion protection kits, lift truck conversions, engine packages, and gas detection systems for vehicles. Operating from its headquarters in Horsham, UK, Pyroban focuses on strategic growth and the development of sustainable practices that benefit both stakeholders and employees, ensuring safe working conditions in high-risk sectors.

Datapipe

Debt Financing in 2011
Datapipe is a provider of managed hosting, cloud services, and data center solutions designed to manage and secure mission-critical IT services. The company offers a comprehensive range of services, including cloud computing, infrastructure as a service, platform as a service, colocation, business analytics, database management, e-commerce hosting, email hosting, and data protection. Datapipe serves a diverse array of industries, such as financial services, healthcare, manufacturing, government, and media, enabling clients to optimize both critical and everyday IT operations. With a presence in major global markets, including New York, Silicon Valley, London, Hong Kong, and Shanghai, Datapipe has established itself as a significant player in the technology landscape. The company was recognized in Gartner's Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting in 2010, highlighting its commitment to delivering high-quality services.

Bucyrus

Acquisition in 2010
Bucyrus was an American company specializing in the manufacture of surface and underground mining equipment. Founded in 1880 in Bucyrus, Ohio, it relocated its headquarters to South Milwaukee, Wisconsin, in 1893. In 1927, Bucyrus merged with the Erie Steam Shovel Company, becoming Bucyrus-Erie. It was later renamed Bucyrus International, Inc. in 1997 and was acquired by Caterpillar Inc. in 2011 for $8.8 billion. Bucyrus offered a diverse product line that included drilling rigs, continuous miners, draglines, lifting equipment, loaders, longwall systems, mining attachments, multipurpose vehicles, and haulage systems, catering to various needs in the mining sector.

Underground Imaging Technologies

Acquisition in 2010
Underground Imaging Technologies specializes in the development of advanced hardware and software systems aimed at subsurface utility mapping and geophysical investigation. By utilizing multi-sensor technologies, the company provides innovative tools and services for the design, construction, and management of underground infrastructure and utilities. Their solutions are tailored to work effectively across various soil types, allowing for detailed three-dimensional mapping of geophysical elements. This expertise is essential for enhancing the accuracy and efficiency of subsurface investigations in diverse applications.

Clean Air Systems

Acquisition in 2010
Clean Air Systems provides products including fume exhaust hoods, air shower systems, powder containment booths, pass boxes, fan filter units, sterile storage cabinets, UV sterile chambers, and modular cleanrooms. It is a manufacturer of laminar airflow and biosafety cabinet products.

Caterpillar Xuzhou

Acquisition in 2010
Caterpillar Xuzhou Ltd. manufactures construction equipments including Cat 300 series excavators and track type tractors.

Progress Rail Services

Acquisition in 2010
Progress Rail Services Corporation, a subsidiary of Caterpillar Inc., is a leading global supplier of products and services for the railroad and transit systems. Established as a major player in the industry following its acquisition by Caterpillar in 2006, the company leverages Caterpillar's extensive international reach to enhance its offerings. Progress Rail specializes in diesel-electric locomotives through its acquisition of Electro-Motive Diesel (EMD), which is recognized as the largest manufacturer of locomotives for various commercial applications. The company also provides outsourced maintenance and repair services for railcars, locomotives, and track infrastructure, operating across two main segments: Locomotive and Railcar Services (LRS) and Engineering and Track Services (ETS). With a network of 91 facilities in 35 U.S. states and Canada, Progress Rail emphasizes product reliability, service support, and maintenance efficiency, contributing significantly to the advancement of the rail industry.

Jewish Community Services

Acquisition in 2009
Jewish Community Services offers social services that help people stay healthy and productive. They specialize in compassionate services that address the unique needs of children, adolescents, and young adults. They provide various social services programs such as mental health, senior support, employment assistance, family, and adult services.

Gremada Industries - Assets

Acquisition in 2008
Gremada Industries - Assets remanufacturing of parts and components used in transmissions, torque converters and final drives in off-highway equipment and machinery.

MGE Equipamentos & Servicos Ferroviarios

Acquisition in 2008
MGE Equipamentos & Servicos Ferroviarios, Ltda. manufactures, maintains, and services traction motors and electric traction generators.

Lovat

Acquisition in 2008
Lovat is a Manufacturing company.

Eurenov S.A.S.

Acquisition in 2007
EURENOV SAS remanufactures engines, gearboxes, injection pumps, sub-assemblies, and injectors in France and Poland.

Progress Rail Services

Acquisition in 2006
Progress Rail Services Corporation, a subsidiary of Caterpillar Inc., is a leading global supplier of products and services for the railroad and transit systems. Established as a major player in the industry following its acquisition by Caterpillar in 2006, the company leverages Caterpillar's extensive international reach to enhance its offerings. Progress Rail specializes in diesel-electric locomotives through its acquisition of Electro-Motive Diesel (EMD), which is recognized as the largest manufacturer of locomotives for various commercial applications. The company also provides outsourced maintenance and repair services for railcars, locomotives, and track infrastructure, operating across two main segments: Locomotive and Railcar Services (LRS) and Engineering and Track Services (ETS). With a network of 91 facilities in 35 U.S. states and Canada, Progress Rail emphasizes product reliability, service support, and maintenance efficiency, contributing significantly to the advancement of the rail industry.

Wealdstone Engineering

Acquisition in 2004
Wealdstone Engineering Ltd. specializes in the remanufacturing of powertrain products, primarily focusing on petrol and diesel engines, transmissions, axles, and related sub-assemblies. The company serves original equipment (OE) vehicle manufacturers and fleet users, providing them with high-quality engine remanufacturing services. By revitalizing essential components, Wealdstone Engineering supports its clients in maintaining and enhancing the performance of their vehicles.

Williams Technologies

Acquisition in 2004
Williams Technologies, Inc., is a leading remanufacturer of automatic transmissions, torque converters.

Turbomach

Acquisition in 2004
Turbomach is fully dedicated to its power generation markets, which are served through their people around the world. They are part of a diverse multi-talented team of more than 6000 employees with decades of experience working as a global team committed to the common goal or delivering complete customer satisfaction.

IronPlanet

Series B in 2000
IronPlanet is an online marketplace specializing in the buying and selling of used heavy equipment and durable assets. Founded in 1999 and headquartered in Pleasanton, California, the company connects buyers and sellers through its extensive platform, which features a database of over 3.3 million registered users globally. IronPlanet offers a wide range of equipment, including conventional tractors, trucks, excavators, cranes, and agricultural machinery. To ensure transparency and trust in transactions, it provides the IronClad Assurance certification for equipment condition. The company operates several brands, including GovPlanet, TruckPlanet, and Asset Appraisal Services, catering to diverse sectors such as construction, agriculture, and mining.

Bitelli SpA

Acquisition in 2000
Bitelli was an engineering company located in Bologna, Italy - the largest and, perhaps best known, Italian construction machinery firm.

Sabre Engines

Acquisition in 2000
Sabre Engines Ltd., a family-owned company in the U.K. that specializes in high-performance marine diesel engines.

FG Wilson

Acquisition in 1999
FG Wilson is a leading manufacturer of diesel and gas generator sets, with over forty-five years of experience in the power generation industry. The company offers a diverse product range from 6.8 kVA to 2,500 kVA, including both open and enclosed generator sets designed for prime and standby power applications. These generators cater to various needs, from domestic backup power to large power modules capable of supplying electricity to national grids. FG Wilson's Power Solutions Department focuses on delivering customized solutions tailored to specific requirements and budgets. The company has made significant investments in engineering and technology, including a $26 million upgrade to its Engineering Centre of Excellence, which features advanced validation and testing facilities, including Europe’s largest fully automated hemi-anechoic chamber for acoustic research. An additional $5 million investment has led to the installation of a continuous flow assembly line, enhancing production efficiency and product quality.

Perkins Engines Company

Acquisition in 1997
Perkins Engines has over 80 years of experience as a leading manufacturer of diesel and gas engines, focusing on delivering innovative and reliable power solutions tailored to the specific needs of various industries, including industrial, power, and marine sectors. The company is committed to engineering excellence and aims to provide cost-effective and dependable solutions for its customers. Perkins supports its engines with a comprehensive network of distributors and dealers worldwide, offering parts and service support. Additionally, the company provides an application that allows customers to access important information about their engines and facilitates maintenance and repair services. Perkins is dedicated to being a socially responsible organization, positively impacting both its employees and the communities in which it operates.

Caterpillar Motoren Rostock

Acquisition in 1996
Caterpillar Motoren Rostock manufactures and supplies engines for the marine shipping, power generation, and oil & gas industries.

Maschinenbau Kiel GmbH

Acquisition in 1996
Maschinenbau Kiel GmbH designed, manufactured and marketed marine diesel engines, diesel locomotives under the MaK brand name.

Solar Turbines

Acquisition in 1981
Solar Turbines Incorporated, based in San Diego, California, is a prominent manufacturer of industrial gas turbines and a subsidiary of Caterpillar Inc. The company has installed over 13,800 units worldwide, amassing more than 1.3 billion operating hours across 98 countries. Solar Turbines specializes in products that support the oil, natural gas, and power generation sectors. Its offerings include gas turbine engines with power ratings from 1,590 to 30,000 horsepower, along with gas compressors and turbine-powered generator sets that range from 1.1 to 22.4 megawatts. The company's technologies are utilized in various applications, including the production and processing of natural gas and crude oil, as well as in generating electricity and thermal energy for industries such as chemicals, pharmaceuticals, and food manufacturing.

Towmotor Corporation

Acquisition in 1965
Towmotor Corporation set out to capture a greater share of the market by introducing new models and acquiring companies with product lines.
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