Revolutionizing Heavy Equipment Operations with AI: Tenderd Secures $30M in Series A Funding
June 11, 2024, 9:36 pm
Location: United Arab Emirates, Dubai
Employees: 11-50
Founded date: 2018
Total raised: $35.8M
Tenderd, a global leader in digital transformation for heavy equipment management and operations, has closed a $30 million Series A funding round led by A.P. Moller Holding. This investment will supercharge the company's efforts to integrate AI with physical operations in construction, mining, and industrial sectors, setting a new standard for operational excellence and decarbonization.
Tenderd's cutting-edge platform leverages advanced AI and IoT technologies to provide real-time insights that increase efficiency, optimize maintenance, boost profitability, enhance safety, and minimize greenhouse gas emissions. With the backing of partners across logistics, ports, energy, construction, and technology, Tenderd is poised to drive industry transformation and shape the future of heavy equipment operations.
CEO Arjun Mohan shared his vision for the company, emphasizing the impact of Tenderd's technology on sectors that have remained unchanged for decades. Positioned at the intersection of the digital and physical worlds, Tenderd's platform allows industries to access unparalleled levels of efficiency, safety, and sustainability, driving innovation and growth in the global heavy equipment market.
The strategic importance of Saudi Arabia as a major market for Tenderd highlights the company's commitment to supporting infrastructure development in the region. With the support of key investors and partners, including Wa'ed Ventures and Nakhla Ventures, Tenderd is well-positioned to play a crucial role in shaping the future of Saudi Arabia's construction industry and driving economic growth.
As Tenderd continues to innovate and grow, the company's focus on revolutionizing heavy equipment operations using AI will pave the way for a more efficient, sustainable, and safe future in the industrial sector. With a strong foundation of support from investors and partners, Tenderd is poised to lead the way in transforming the heavy equipment industry and driving positive change on a global scale.
Tenderd's cutting-edge platform leverages advanced AI and IoT technologies to provide real-time insights that increase efficiency, optimize maintenance, boost profitability, enhance safety, and minimize greenhouse gas emissions. With the backing of partners across logistics, ports, energy, construction, and technology, Tenderd is poised to drive industry transformation and shape the future of heavy equipment operations.
CEO Arjun Mohan shared his vision for the company, emphasizing the impact of Tenderd's technology on sectors that have remained unchanged for decades. Positioned at the intersection of the digital and physical worlds, Tenderd's platform allows industries to access unparalleled levels of efficiency, safety, and sustainability, driving innovation and growth in the global heavy equipment market.
The strategic importance of Saudi Arabia as a major market for Tenderd highlights the company's commitment to supporting infrastructure development in the region. With the support of key investors and partners, including Wa'ed Ventures and Nakhla Ventures, Tenderd is well-positioned to play a crucial role in shaping the future of Saudi Arabia's construction industry and driving economic growth.
As Tenderd continues to innovate and grow, the company's focus on revolutionizing heavy equipment operations using AI will pave the way for a more efficient, sustainable, and safe future in the industrial sector. With a strong foundation of support from investors and partners, Tenderd is poised to lead the way in transforming the heavy equipment industry and driving positive change on a global scale.