Mining Global: Caterpillar Venture Inc invests in Alight Mining Solutions’ forecasting and analysis technology
Caterpillar Venture Inc, a subsidiary of Caterpillar, has announced that it has made a significant investment in a SaaS technology company that focuses on financial forecasting and scenario analysis technology.
Alight Mining Solutions, based in San Francisco, develops cloud based solutions that allow users to pull data from other systems and mining technology, and run multiple scenarios to facilitate financial decision making and be able to create enterprise-level financial forecasts.
Through the investment, Caterpillar will develop enhanced solutions that will combine data obtained from technology-enabled machines with the financial forecasting software which will enable mining companies to make better, more informed real-time business decisions.
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