Tenderd, a Dubai, UAE-based startup specializing in AI-enabled technologies for real-time emissions intelligence, received an investment from Wa’ed Ventures, the venture capital arm of Aramco.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Led by Tenderd’s CEO, Arjun Mohan, Tenderd provides a platform that gives customers access to AI-generated insights to increase asset utilization and reduce emissions, targeting heavy industries such as construction and logistics. The solution is powered by proprietary AI models and a combination of IoT sensors.
The company is also backed by including Y Combinator, Peter Thiel, BECO Capital and Dynamo Ventures.
FinSMEs
18/07/2023