Caterpillar ends its investment in Uptake

DEERFIELD, Ill. - Caterpillar says it is ending its investment in Uptake, that's according to a report from the Chicago Tribune,

Uptake is the startup, founded by Groupon Co-founder Brad Keywell, that gathers data from Caterpillar's heavy machinery.

The company took a minority stake in Uptake when it was launched in 2014.

CAT has been using Uptake's technology to explore mining data from its machinery, in an effort to make the equipment more efficient for customers.

In a statement CAT said it would no longer hold a stake in Uptake and would refocus its areas of cooperation with the startup as well.


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