In a resounding testament to the burgeoning potential of sustainable construction technology, Emirati startup Tenderd has successfully concluded a Series A funding round, securing an impressive $30 million from a consortium of esteemed investors, both new and existing. Spearheaded by AP Moller Holding, this landmark investment round witnessed the enthusiastic participation of prominent new backers such as Quadri Ventures and the esteemed Saurya Prakash, alongside stalwart supporters including Aramco’s venture arm, Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures.
Where will this substantial infusion of capital be directed? Tenderd’s strategic roadmap pivots on expansive growth initiatives and the further refinement of its technological arsenal, with a particular emphasis on fortifying its AI-driven solutions to seamlessly integrate within the operational fabric of the construction, mining, and industrial domains.
But what precisely distinguishes Tenderd within this rapidly evolving landscape? Since its inception in 2018 under the visionary leadership of Arjun Mohan, the company has been at the vanguard of tailoring cutting-edge technology to suit the unique demands of heavy industries, including construction, energy, and logistics. Central to its offerings is a suite of AI-powered data analytics tools, meticulously designed to furnish clientele with invaluable insights into carbon footprint assessments, real-time monitoring of emissions by equipment classification, as well as granular oversight of fuel expenditure and utilization. Moreover, Tenderd’s innovative platform empowers construction enterprises with the ability to visualize operational trends across disparate project sites, whilst furnishing comprehensive intelligence pertaining to transport fleet management.
This latest funding milestone only serves to underscore Tenderd’s meteoric rise within the sector. Notably recognized as the World Economic Forum’s Innovation Partner in 2021, the company has already demonstrated its efficacy through transformative pilot initiatives. Early forays into leveraging Internet of Things (IoT) devices to empower over 120 small and medium-sized manufacturers in Brazil yielded tangible dividends, elevating income streams whilst concurrently championing sustainability and operational efficiency. Buoyed by this success, Tenderd has embarked on a trajectory of global expansion, extending its purview to encompass burgeoning markets spanning Colombia, South Africa, Kazakhstan, Saudi Arabia, and Turkey. Here, the company’s unwavering commitment to providing unparalleled guidance and support for project planning and execution promises to catalyze transformative change on a global scale.
Indeed, as the construction and heavy industry sectors continue to pivot towards sustainable paradigms, Tenderd stands poised to emerge as a preeminent facilitator of this epochal transition. With its unwavering dedication to technological innovation and sustainability, the company is not merely shaping the future — it is defining it. Look for more update on tendered
