Q1 2026$612M raised16 deals0 new startups84 open roles

TenderdAI-powered fleet and heavy equipment intelligence for construction

Y Combinator-backed Dubai startup using AI and IoT to optimize fleet operations, reduce emissions, and improve safety on construction worksites. Series A led by A.P. Moller Holding.

FROM THE EDITOR'S DESK

Construction and heavy equipment management is one of the largest undigitized sectors in the Gulf. Tenderd attacks it with YC for the Silicon Valley playbook and A.P. Moller Holding for industrial credibility. At $35.9M, the company is well-funded to pursue a market where individual contracts are worth millions and switching costs are high.

The AI play — fleet optimization, predictive maintenance, utilization tracking — creates a data flywheel where more equipment tracked means better models, which late entrants can't easily replicate. The risk is that construction is relationship-driven and technology adoption among contractors is notoriously slow.

TEAM

Arjun MohanFounder & CEO

SNAPSHOT

Founded2018
Total Raised$35.9M
CategoryAI
StatusActive
Team Size51-100
LocationDubai, UAE

FUNDING HISTORY

Jun 2024
Series A$30M
A.P. Moller Holding

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