UAE-based Tenderd secures $30 million Series A to transform data from heavy equipment into actionable insights

🏗️ Say hello to Tenderd (🇦🇪 UAE), an AI-powered analytics platform that converts data from heavy equipment in construction, manufacturing, and logistics into actionable insights which reduce cost, increase utilisation and lower emissions.

And the YC-backed start-up just raised $30 million in its Series A round.

• Founded in 2018 by Arjun Moha, the contech currently operates in the UAE and Saudi Arabia, collaborating with over 300 companies worldwide.

💰 Investor lowdown: The round was led by A.P. Moller Holding, with new investors Quadri Ventures and Saurya Prakash (a product leader at Stripe) and existing investors Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures.

• Tenderd previously raised $5.8 million in 2019, marking the largest seed round in the region at the time, with investments from Y Combinator, Beco Capital, Paul Graham, Peter Thiel, and several other investors.

⚙️ Break it down

Tenderd began as a marketplace for heavy equipment rentals, including bulldozers, excavators, cranes, rollers, and trucks. It later pivoted to a SaaS platform, offering end-to-end management of heavy equipment and machines.

Tenderd's software unifies machine data on a single platform, automating operations, reducing carbon emissions, and cutting costs.

It allows businesses to monitor equipment location, access detailed vehicle statistics, prevent breakdowns with predictive maintenance alerts, and reduce fuel costs and CO2 emissions by tracking fuel usage.

Tenderd’s telematics platform, powered by AI, provides project owners and contractors with a robust tracking system to increase equipment productivity, enhance safety, and lower emissions, ultimately resulting in greater efficiency.

🔮 Flashforward

The fresh funding will enable Tenderd to expand its global footprint, advancing its mission to integrate AI with physical operations in the construction, mining, and industrial sectors.