Caterpillar acquires Skycatch
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Caterpillar has acquired Skycatch, a San Francisco-based mining technology provider. Founded in 2013, Skycatch specializes in spatial data capture, processing and analysis solutions for the mining industry. The acquisition further enhances Caterpillar's capabilities following the recent acquisition of RPMGlobal (RPM). The acquisition expands Caterpillar's portfolio of data-driven mining technology solutions that help customers optimize material movement. "Acquiring Skycatch aligns with our strategy to solve our customers' toughest challenges," said Denise Johnson, Group President of Caterpillar Resource Industries. "By integrating near-real-time, high-resolution spatial data into both RPM and MineStar solutions, we can help customers improve mine site performance by enhancing safety, productivity and predictability across their operations using both staffed and autonomous fleets." Skycatch's technology captures high-frequency, high-precision, large-scale spatial data and pairs it with a artificial Intelligence capabilities that identify, measure and interact with the data to deliver improved operational performance. This gives mining customers a more up-to-date view of their operations, improving the speed, accuracy and precision of decision-making. "Skycatch's ability to process large volumes of spatial data at dramatically improved speeds opens up a fundamentally...
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