Peter Thiel-Backed AI Startup Tenderd Gets More Cash From Aramco’s VC Arm
Jun 11, 2024 - bloomberg.com
Saudi Aramco's venture capital division has invested additional funds in Tenderd, a company based in the United Arab Emirates. Tenderd, which is backed by Peter Thiel, utilizes AI-generated insights to aid in the reduction of emissions.
This investment aligns with Saudi Aramco's broader strategy of supporting innovative technologies and solutions that contribute to environmental sustainability. The move also signifies the growing interest in AI technologies in the Middle East region.
Key takeaways:
Saudi Aramco's venture capital arm has invested more money into Tenderd.
Tenderd is a United Arab Emirates-based firm.
The firm is backed by Peter Thiel.
Tenderd uses AI-generated insights to help reduce emissions.
