{"id":246684,"date":"2023-07-19T18:41:15","date_gmt":"2023-07-19T18:41:15","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=246684"},"modified":"2023-07-19T18:41:15","modified_gmt":"2023-07-19T18:41:15","slug":"saudi-oil-group-invests-in-uae-based-tenderd","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/saudi-oil-group-invests-in-uae-based-tenderd\/","title":{"rendered":"Saudi Oil Group Invests in UAE-based Tenderd"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong><\/a> &#8211; The Saudi Arabian Oil Group, Aramco, has made investments in Tenderd, a company that is based in the UAE. Peter Thiel, the German-American billionaire entrepreneur and venture capitalist backs the company which utilises AI technology to reduce gas emissions. The company also uses the same technology to observe and analyse gas levels.<\/p>\n<p style=\"text-align: justify;\">The 500 million dollars of the Saudi company\u2019s fund, Wa\u2019ed Ventures, did not reveal the amount of investment in Tenderd.<\/p>\n<h1 style=\"text-align: left;\"><strong>AI-driven Net-zero Emissions<\/strong><\/h1>\n<p style=\"text-align: justify;\">The venture fund focuses on tools and innovations that are able to draw more revenue and profit in Saudi Arabia.<\/p>\n<p style=\"text-align: justify;\">This indicates that the technology used in the start-up Tenderd may land up being a tool for Aramco. It is particularly possible as the Saudi Oil Group desires to decrease its carbon footprint. The company also wants to reach an objective of net-zero emissions in 2050.<\/p>\n<h2 style=\"text-align: left;\"><strong>Tenderd-Aramco Partnership Objectives<\/strong><\/h2>\n<p style=\"text-align: justify;\">Wa\u2019ed Ventures said in a <a href=\"https:\/\/twitter.com\/Waed_Ventures\/status\/1681261697946861569?s=20\">tweet<\/a>, \u201cWe are excited to welcome @TenderdTrack to the Wa\u2019ed Ventures portfolio.\u201d They stated that the partnership between them will be beneficial to resolving issues about sustainability for industrial firms regionally.<\/p>\n<p style=\"text-align: justify;\">\u201cTenderd provides AI-generated insights to cut CO2 emissions in sectors like energy and construction,\u201d the venture fund added.<\/p>\n<p style=\"text-align: justify;\">Thiel is one of the most renowned entrepreneurs in technology investment. He contributed a $5.8 million initial fund round for Tenderd four years ago.<\/p>\n<p style=\"text-align: justify;\">Tenderd Chief Executive Officer Arjun Mohan stated that they will be able to improve the industry\u2019s operations and be at the fore toward achieving an ecological environment, particularly with Aramco\u2019s Wa\u2019ed Venture Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; The Saudi Arabian Oil Group, Aramco, has made investments in Tenderd, a company that is based in the UAE. Peter Thiel, the German-American billionaire entrepreneur and venture capitalist backs the company which utilises AI technology to reduce gas emissions. The company also uses the same technology to observe and analyse gas levels. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[11681,713,278,12084,12083,12082,12085],"class_list":["post-246684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ai","tag-aramco","tag-featured","tag-gas-emissions","tag-peter-thiel","tag-tenderd","tag-waed-ventures"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Oil Group Invests in UAE-based Tenderd - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - The Saudi Arabian Oil Group, Aramco, has made investments in Tenderd, a company that is based in the UAE.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/saudi-oil-group-invests-in-uae-based-tenderd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Oil Group Invests in UAE-based Tenderd - 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