UAE Construction Tech Startup ‘Tenderd’ Raises $30 Million in Funding
Tenderd leverages AI to convert data into actionable insights in construction, manufacturing, and logistics sectors.
UAE-based construction tech startup Tenderd has raised $30 million in a Series A funding round led by A.P. Moller Holding, further bolstering the digital transformation platform for heavy equipment management. Tenderd leverages AI-driven telematics to enhance equipment productivity, safety, and emission control in construction, manufacturing, and logistics sectors.
This latest injection of capital into the startup will allow Tenderd to further innovate tech solutions whilst expanding its regional and global footprint. As well as leading investor A.P. Moller Holding, the round also saw participation from existing investors such as Wa’ed Ventures, Saudi Aramco’s venture capital arm.
Tenderd’s ability to convert data into actionable insights through AI processing has set the benchmark for sustainable decarbonisation in construction, manufacturing, and logistics, placing it as a frontrunner in the dynamic industrial operations landscape.
Startups such as Tenderd have become key features of the region’s burgeoning industrial sector, as many MENA countries undergo massive and rapid transformations in infrastructure and construction.
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Jun 14, 2024 -
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