Tenderd is a startup specializing in AI-enabled technologies for real-time emissions intelligence
Wa’ed Ventures, the Kingdom-based venture capital arm of Aramco, recently announced a strategic investment in Tenderd, a startup specializing in AI-enabled technologies for real-time emissions intelligence, a press communique stated.
The platform provides customers with AI-generated insights to increase asset utilization and reduce emissions, targeting heavy industries such as construction and logistics.
“Our investment in Tenderd reflects our commitment to addressing sustainability challenges facing the industrial sector and providing solutions to decarbonize their operations,” noted Fahad Alidi, Managing Director at Wa’ed Ventures.
“Tenderd brings transformational solutions to traditional capital-intensive industries such as energy, construction, and logistics sector by utilizing AI-generated insights to increase asset optimization and reduce emissions,” he added.
Real-time insights
Tenderd’s technology addresses these issues by providing companies with real-time insights to make better operational decisions. This results in cost savings, better resource utilization, and a smaller environmental footprint.
Technologies offered by companies like Tenderd are increasingly becoming necessary for companies operating in Saudi Arabia’s new economic landscape, with a paramount focus on efficiency and sustainability.
“With Wa’ed Ventures investment, we will be able to evolve industrial operations and lead the charge towards a greener, more sustainable future,” stated Arjun Mohan, CEO, Tenderd.
“Companies can leverage the power of our technology, to help them take the right steps toward increasing their operational intelligence and reducing their environmental footprint,” he concluded.
