Cavitation performance is a key parameter for a mine high-speed rescue pump, which reduces the stability and reliability of the entire unit. In this study, an experimental method was used to investigate the cavitation characteristics of an inducer installed on the impeller upstream. Hydraulic performance without cavitation was determined along with the cavitation performance, and a visualization experiment was implemented. The inducer head slightly decreased when the cavitation number started to decline; however, it dropped significantly thereafter. At 4200 r/min, anti-cavitation ability of the inducer had no connection with the blade numbers. The anti-cavitation performance of the inducer with three blades was superior than that of the inducer with two blades. The law governing shaft power, cavitation number, and rotating speed disagreed with the similarity law theory. Moreover, the inducer efficiency was higher at greater speeds. The evolution of cavitation bubbles was categorized into the inception, developing, and developed stages. When the cavitation number decreased, vortex cavitation was induced along with the tip leakage vortex; subsequently, wedge-shaped sheet cavitation occurred, which was followed by back-flow vortex cavitation. The areas associated with wedge-shape sheet cavitation and back-flow vortex cavitation increased gradually, extending spirally along the axial direction until the entire flow passage was blocked. Overall, the heads declined by 1.1%–1.9% for the inducer with three and two blades, respectively.