World’s leading construction manufacturer makes bold move to acquire little-known California startup
The world’s largest manufacturer of construction equipment is making a bet on a little-known California startup that specializes in AI. Caterpillar acquired Monarch Tractor last month, a venture-backed startup, developing electric and autonomous off-road vehicles. Bloomberg reported the deal on Tuesday, though financial terms have not been disclosed. There are indications Caterpillar likely bought the company...