Tenderd company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

tenderd.com

Founded Year

2018

Stage

Seed VC | Alive

Total Raised

$5.92M

Last Raised

$5.8M | 3 yrs ago

About Tenderd

Tenderd is a heavy equipment rental marketplace for the Middle East and North Africa. Tenderd makes it easy for contractors to rent heavy machinery such as bulldozers and cranes for running their projects.

Tenderd Headquarter Location

Jumeirah Lake Towers

Dubai, 337499,

United Arab Emirates

+971 4 589 7096

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Tenderd

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Tenderd is included in 1 Expert Collection, including Construction Tech.

C

Construction Tech

596 items

Companies using technology to improve processes in the construction industry.

Latest Tenderd News

Fast Company selects UAE based startup, Tenderd, as one of the World’s Most Innovative companies in 2020

Mar 12, 2020

Tenderd currently utilizes video data to estimate productivity on the project site Actual footages: A.I. and Machine Learning will pave the way to increased site productivity Tenderd’s AI powered platform aimed to automate the construction industry DUBAI, UNITED ARAB EMIRATES, March 12, 2020 / EINPresswire.com / — Tenderd, a Y-Combinator backed startup based in the UAE, has today announced that it has been placed in the top 10 in the Middle East category in Fast Company’s 2020 Most Innovative Companies. Arjun Mohan, the founder of Tenderd, voiced his excitement on being recognised by Fast Company. “It’s a pivotal moment for startups serving the construction sector in the region, seeing that this industry is one of the biggest influencers to the economy, yet receives the least attention from innovative technologies.” “We are always looking for new technologies that enable us to increase work site efficiency, this is why we engage with Tenderd’s equipment rental marketplace for our EXPO 2020 project and Dubai Hills project.” said Wei Chuanhai, President Assistant at China State Construction Engineering Corporation. Tenderd, which launched just a little under 2 years ago has grown to become the largest heavy equipment rental marketplace in the region, with operations in the United Arab Emirates and Saudi Arabia. Tenderd counts on influential investors such as Paul Graham, Paul Buchheit, Peter Thiel, Dynamo Ventures, Revel Partners, Rainfall Ventures, Global Founders, and BECO Capital. It is worth noting that the MEA construction market is valued at $635 billion, and growing at 9% CAGR – fastest in the world. Tenderd is leveraging machine learning technology to improve productivity and cost management on project sites. To support its ambition, Tenderd has developed Tenderd Track Vision jointly with Google and Nvidia – to utilize video data to estimate the productivity of construction sites. “It is very exciting to see a company from the UAE taking on the construction industry, and injecting much-needed innovation. The team at Tenderd have proven themselves to be capable executors, and making a name for themselves,” said Tamer Ahmed, Equipment Superintendent at WBG, a major contractor in Abu Dhabi. All machines rented through Tenderd are tracked through its proprietary Tenderd Track platform. The platform is available on desktop and mobile and provides contractors with actionable data to better manage the efficiency and cost of their rented equipment. This is a procurement category that is usually overlooked and relegated to the inefficient paper process. The Tenderd platform enables contractors or developers to have unparalleled control over spend and efficiency of this supply chain that plays a pivotal role in all large scale construction projects. “Tenderd’s technology platform can ultimately standardize and change how equipment is utilized in our industry” said Chris Ratcliffe, Workshop Manager at Overseas AST, a leading contractor based in Dubai, UAE. Link to Fast Company's article: https://www.fastcompany.com/90457951/middle-east-most-innovative-companies-2020 — About Tenderd: Tenderd is a heavy equipment rental marketplace, which helps contractors and developers rent and manages construction equipment in a systematic and efficient way. From real-time productivity monitoring to predictive maintenance alerts, Tenderd offers a comprehensive software platform to rent and manage equipment more effectively. To learn more visit http://www.tenderd.com Media contact: Chong Siong, csiong@tenderd.com Chong Siong

Tenderd Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Tenderd Rank

  • When was Tenderd founded?

    Tenderd was founded in 2018.

  • Where is Tenderd's headquarters?

    Tenderd's headquarters is located at Jumeirah Lake Towers, Dubai.

  • What is Tenderd's latest funding round?

    Tenderd's latest funding round is Seed VC.

  • How much did Tenderd raise?

    Tenderd raised a total of $5.92M.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.