Caterpillar Startup Programs & Corporate Open Innovation Analysis Hardware & IoT · Manufacturing
In StartupBlink's Corporate Startup Activity Index, Caterpillar ranks #105 globally and #45 in the United States. It ranks #10 in the Hardware & IoT industry and #6 in the Manufacturing subindustry.
Caterpillar Startup Activity Metrics
Caterpillar has supported 32 startups through programs and investments, with those companies raising a combined $6.7 billion over the last ten years. The company currently operates 2 active startup programs.
Explore Caterpillar's investments, startup programs, and corporate open innovation activity
Caterpillar has deployed more than $1 billion in startup investments through Caterpillar Ventures and partnership programs, strengthening its position as one of the leading innovation-driven corporations globally.
The company currently runs 2 active startup programs supporting 32 startups worldwide across industries such as Energy & Environment, Hardware & IoT, Healthtech, and Software & Data. Its venture arm Caterpillar Ventures has invested in over 31 startups since it was founded in 2015.
The corporate-innovation activity is concentrated in Hardware & IoT, Energy & Environment, and Software & Data, categories where Caterpillar's scale provides outsized leverage to early-stage startups.
Where Caterpillar-associated startups operate
Sector, HQ-city and program-location breakdowns for the startups associated with Caterpillar. Unlock the full breakdown with StartupBlink Pro.
Caterpillar Startup Programs and Corporate Venture Capital initiatives
Caterpillar engages startups through 2 active programs, supporting 32 startups in total based on our database.
Top startups associated with Caterpillar
Caterpillar's top 5 associated startups have raised 84% of the $6.7 billion raised in the last ten years across all 32 associated startups, led by Redwood Materials at $3.5 billion. Caterpillar is associated with 30 active startups and 2 exits. Caterpillar Ventures supports the largest number of startups, with 31 associated startups.
Disclaimer: This is based on general open web search and prone to mistakes.
| Startup | SB Score | Industry | HQ city | Link Type to Corporation | Linked via |
|---|---|---|---|---|---|
 Alight Solutions | SB 685 | Software & Data | Lincolnshire | Program Investment | Caterpillar Ventures |
 Redwood Materials | SB 580 | Energy & Environment | Carson City | Direct Investment | Caterpillar — Corporate Self |
 Fisker | SB 518 | Hardware & IoT | Los Angeles | Program Investment | Caterpillar Ventures |
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