Caterpillar is ending its investment in Uptake, Groupon co-founder Brad Keywell’s data analytics startup.
The equipment manufacturer took an early minority stake in Uptake, which CEO Keywell and fellow Groupon co-founder Eric Lefkofsky launched in 2014. Caterpillar, now based in Deerfield, has been gathering data from its machinery using Uptake’s technology in an effort to make that equipment more efficient for customers.
Caterpillar will no longer hold a stake in Uptake, according to a statement from Caterpillar. It will remain a customer of Uptake, said Abby Hunt, a spokeswoman for the startup.
Caterpillar said it plans to refocus “its areas of cooperation with...