Tendos, a Munich-based startup that builds AI agents for building-materials manufacturers, has raised a €12 million ($13.4 million) seed round led by Insight Partners, the company said Tuesday in a press release.
The money is aimed at a sales process that Tendos says its customers still run largely by hand: finding tenders, reading requests, building quotes and keying in orders. The company says its agents handle that whole chain.
The round
The round was announced October 27, 2026. The dollar figure reflects the European Central Bank reference rate of about 1.1188 dollars per euro on that date. Neither the company nor its investors disclosed a valuation, according to the press release, Insight Partners' investment note and the coverage reviewed.
Insight, which describes itself as a global software investor based in New York, was explicit about its ambitions for the deal. "We're thrilled to lead Tendos's €12M Seed and help build the system of action for manufacturers," the firm wrote in its note.
Discovery Ventures and FlixFounders, the investment arm of the Flix founders, also took part, according to CB Insights. The German outlet deutsche-startups.de and other coverage named several angel investors: Felix Jahn, a co-founder of Home24 and founder of McMakler; Sebastian Schuon, co-founder of Alasco; and Hanno Renner, co-founder of Personio. Stephan Tahy, the former CEO of Duravit, joined as well, according to the announcement.
What the software does
According to the press release, Tendos' agents find relevant tenders, read incoming requests and documents, match requirements against a manufacturer's product catalog, draft offers and process orders inside CRM and ERP systems, the customer-relationship and enterprise-resource-planning software that most manufacturers rely on.
The company's website says the platform handles industry-specific formats such as GAEB, a file format used in German construction tenders. The BVBS industry association's member listing adds that it also takes in PDF, Excel, Word and email. Tendos describes six modules covering the sales workflow, running from tender search and inbox triage through offers, orders, integrations and sales insights.
Customers and early traction
Tendos named Wilo, Grundfos, Hansgrohe, Spelsberg, KSB and Kermi as customers. It also said it has processed quotation volume in the "double-digit billion-euro" range. Both claims come from the company and have not been independently verified.
Christian Sedlmeier, co-founder and CEO, framed the opportunity in broad terms in the release: "Die Baustoffindustrie ist einer der größten und am wenigsten digitalisierten Märkte Europas." (The building-materials industry is one of Europe's largest and least digitized markets.)
Teddie Wardi, a managing director at Insight Partners, made a similar argument from the investor side: "KI wird viele Branchen verändern. Die Baustoffindustrie und die Fertigungsindustrie insgesamt sind von der ersten Welle an KI-Unternehmen weitgehend unberührt geblieben." (AI will change many industries. Building materials and manufacturing overall have largely been untouched by the first wave of AI companies.)
Company background
Commercial register data compiled by Registercheck shows Tendos GmbH was incorporated October 8, 2024. Dealroom, by contrast, lists a January 2024 entry for a spinout from the Technical University of Munich (TUM), so the company's origins may predate its legal formation. The register names Sedlmeier, Matthias Hilscher and Daniel Kappler as founders and managing directors. The press release identifies Hilscher as co-founder and CTO.
LinkedIn lists the team at 11 to 50 employees, though that range may be out of date. A register filing dated September 24, 2026, shows a capital increase to €41,110 and a new Munich address at Brienner Str. 41.
Competitive landscape
Tendos sells into territory that configure-price-quote (CPQ) software also covers. Tacton and PROS both market CPQ products to industrial manufacturers, according to their websites, and Tacton lists construction and building equipment among its target industries.
Elsewhere in AI for the built world, Buildots announced a $130 million round last month, according to its press release. Its focus is construction progress tracking, a different segment from Tendos' sales-side work.
What comes next
Tendos said it plans to expand beyond the DACH region (Germany, Austria and Switzerland), add use cases across manufacturers' sales processes and reach more segments of the building-materials value chain.
