Velotic vs Caterpillar
Side-by-side comparison of AI visibility scores, market position, and capabilities
Launched Mar 2026 backed by TPG with $300M+ combined revenue. Combines GE Vernova's Proficy, Kepware, and ThingWorx into one independent industrial software platform. Led by ex-PTC CEO.
About
Velotic is a new industrial software company launched in March 2026 under TPG private equity backing, formed by combining three leading industrial technology platforms: Proficy (GE Vernova's manufacturing execution system), Kepware (industrial connectivity), and ThingWorx (IIoT application platform). The combined entity launches with $300 million+ in annual revenue serving global manufacturing, oil & gas, utilities, and infrastructure customers. James Heppelmann, former CEO of PTC (the industrial software company he grew from $1B to $2B+ in revenue), leads Velotic as CEO.
Irving TX global construction/mining equipment manufacturer (NYSE: CAT) at $64.8B 2024 revenue; 5B+ autonomous haul truck tons with MineStar fleet management and Cat Command competing with Komatsu for global construction and mining equipment.
About
Caterpillar Inc. is an Irving, Texas-headquartered global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives — publicly traded on the New York Stock Exchange (NYSE: CAT) at approximately $150 billion market capitalization — reporting $64.8 billion in 2024 revenues across four business segments: Construction Industries (excavators, bulldozers, motor graders, wheel loaders for construction), Resource Industries (mining trucks, hydraulic mining shovels, and underground mining equipment), Energy & Transportation (reciprocating engines, gas turbines, and marine propulsion), and Financial Products (equipment financing and insurance). With 107,700 employees, 500+ global locations, and distribution through 44 US and 116 international dealers across 193 countries, Caterpillar is the world's largest construction and mining equipment manufacturer and a bellwether for global infrastructure investment cycles. Founded in 1925 through the merger of Holt Manufacturing and C.L. Best Tractor.
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