Venture Capital: Wa’ed Ventures, The Venture Capital Arm Of Aramco, Invests In Tenderd, An AI-Powered Emissions Monitor

Tenderd is a UAE-based startup backed by Peter Thiel.

Wa’ed Ventures, the venture capital arm of Aramco (TADAWUL: 2222), has made a strategic investment in Tenderd, an AI-forward startup specializing in decarbonizing construction and logistics operations. Tenderd is backed by top-drawer investors, including Y Combinator, Peter Thiel, BECO Capital and Dynamo Ventures.

Tenderd’s platform utilizes AI-driven insights to optimize asset utilization and reduce emissions. The partnership aims to target sectors that contribute to 40% of global GDP and annually spend $2 trillion on capital asset operations. The investment by Wa’ed Ventures in Tenderd signals a significant shift towards environmentally responsible practices. (WVNews)

Tenderd’s technology, which is powered by proprietary AI models and IoT sensors, provides real-time insights to companies, enabling better operational decisions, cost savings, improved resource utilization, and a smaller environmental footprint.

The investment from Wa’ed Ventures aligns with the company’s commitment to addressing sustainability challenges in the industrial sector and promoting decarbonization solutions.

Tenderd’s technology is becoming increasingly necessary in Saudi Arabia’s new economic landscape focused on efficiency and sustainability.

Related Story:  Saudi Aramco Launches $1.5B Sustainability Fund

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