Tenderd Nets $30 Million in Series A Round
The new funding will help Tenderd develop more technological solutions and expand globally.
Tenderd, the UAE-based company focusing on improving heavy equipment management and operations through digital solutions, has bagged $30 million in Series A funding led by A.P. Moller Holding, the parent company of A.P. Moller-Maersk.
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Other investors in this round include Quadri Ventures and Saurya Prakash, a product leader at Stripe. Existing investors Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures also participated. Previous backers include Peter Thiel, Paul Graham, and Y Combinator.
Established in 2018 by Arjun Mohan, Tenderd’s platform tracks both new and used heavy equipment in construction, manufacturing, and logistics to provide solutions. It provides information on equipment performance using AI to the project owner and contractors, thereby enabling the monitoring of productivity, safety, and emissions.
The new funding will help Tenderd develop more technological solutions and expand globally.