Mitsubishi, ABB and existing investor Caterpillar have helped MineSense close a round that will support the launch of its mining data technology.

MineSense Technologies, the Canada-based creator of a mining data platform, has completed an $18m funding round backed by construction equipment maker Caterpillar, automotive manufacturer Mitsubishi and power and automation technology producer ABB.

Prelude Ventures led the oversubscribed round, which included fellow venture capital firms Aurus Ventures, Chrysalix Venture Capital and Cycle Capital, with ABB participating through its corporate venturing vehicle, ABB Technology Ventures.

MineSense has created a connected device that uses sensors to generate data on mineral deposits in large…