In order to improve work-site intelligence, Caterpillar Venture Capital Inc. has made a strategic investment in Airware to provide an end-to-end solutions for constructions sites.
Airware says the investment will allow the company to accelerate programs that enable dealers to offer solutions and services within the construction, mining and quarrying industries.
The company will offer clients drones services and analytics, as well as a set of photogrammetry, mapping and volumetric tools.
“This investment is a continuation of Caterpillar’s commitment to help our customers be more productive and make improved business decisions,” comments George Taylor, Caterpillar’s chief marketing officer and vice president of the marketing and digital division.
According to Airware, the company has raised more than $90 million from investors, such as GE Venture, Intel Capital Horowitz and Next World Capital.
“Commercial drone technology is becoming a necessity for construction, mining and quarrying organizations looking to increase overall productivity while cutting costs,” says Jonathan Downey, founder and CEO of Airware. “Airware provides customers the combined power of an enterprise-focused workflow and industry-specific data analytics with the compliance and security features needed to scale drone operations.”