UAE's Tendered Secures $30 Million for AI-Powered Emissions Reduction

The United Arab Emirates (UAE) startup Tendered, a company leveraging artificial intelligence (AI) to tackle carbon emissions in heavy industries, has secured $30 million in a Series A funding round. This recent investment surge positions Tendered for significant growth and bolsters its efforts in combating climate change.

Leading the funding round was A. P. Moller Holding, a prominent investment firm with a robust $32 billion portfolio. Notably, Saudi Aramco's venture capital arm, Wa'ed Ventures, participated once more, showcasing continued confidence in Tendered's pioneering technology. Existing investors, including Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures, also reaffirmed their support by contributing to the round. Additionally, prominent figures like Saurya Prakash and Quadri Ventures joined the investment pool, underscoring the widespread appeal of Tendered's mission.

Tendered's technology focuses on transforming vast amounts of data generated by heavy machinery in construction, manufacturing, and logistics into actionable insights. By analyzing this data through AI algorithms, Tendered empowers businesses to optimize operations and significantly reduce their carbon footprint. This not only benefits the environment but also translates to cost savings for companies through improved efficiency.

The newly acquired capital will fuel Tendered's technological advancements and global expansion plans. The company intends to utilize the funds to refine its AI platform and develop even more comprehensive solutions for heavy industry players. Furthermore, Tendered aims to leverage the investment to establish a broader international presence, potentially targeting new markets eager to embrace sustainable practices.

This successful funding round signifies a crucial step forward for Tendered and the fight against climate change. By harnessing the power of AI, Tendered offers a compelling solution for heavy industries to minimize their environmental impact. With the backing of prominent investors and a clear vision for the future, Tendered is poised to become a key player in the global transition towards a more sustainable future.

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