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Tenderd secures $30M in Series A funding led by A.P. Moller Holding to supercharge heavy equipment operations using AI
Tenderd, a global leader in digital transformation for heavy equipment management and operations, has closed a $30 million Series A funding round. The round was led by A.P. Moller Holding, a $32 billion investment company and parent company of the A.P. Moller Group, which includes A.P. Moller - Maersk. New investors in the round included Quadri Ventures and Saurya Prakash, a product leader at Stripe. Existing investors Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures have also re-invested, reinforcing their continued confidence in Tenderd’s growth. Tenderd’s existing backers include Peter Thiel, Paul Graham, and Y Combinator.
The capital infusion will fuel technological innovations and enable Tenderd to further expand its global footprint in its mission to integrate AI with physical operations in the construction, mining, and industrial sectors. The backing from partners across logistics, ports, energy, construction, and technology underscores the broad applicability of Tenderd’s technology and its unique global position within sector-specific data to develop industry-focused AI models, setting Tenderd apart from general models in driving industry transformation.
CIRCTEC secures €150M to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in the Netherlands
CIRCTEC, a company specialising in pyrolysis for sustainable end-of-life tyre recycling, announced that it has secured €150M in a fresh financing round co-led by Novo Holdings and A.P. Moller Holding. The funding includes a €75M equity investment from Novo Holdings and A.P. Moller Holding, along with €22.5M in grants awarded by the Government of the Netherlands.
The capital will enable CIRCTEC to establish Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. Once operational at full capacity, the facility will be capable of processing approximately 5 per cent of the 3.6M tons of end-of-life tyres generated annually in Europe.
Verity raises $32M in Series B funding to accelerate rollout of autonomous inventory drone system
Verity AG (Verity), creators of the first commercially successful inventory tracking solution powered by fully autonomous indoor drones, today announced completion of a 30M CHF ($32M USD) Series B funding round. The investment was led by A.P. Moller Holding with participation from Exor Ventures and existing and new investors. This funding allows Verity to quickly scale up operations to address the growing backlog of deployments with systems already installed in 30 sites across 13 countries on 3 continents.