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Immensa raises $20 million in latest funding round

Financing led by Global Ventures, MENA’s leading venture capital firm

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Immensa, MENA’s largest additive manufacturing startup, obtained $20 million to continue its expansion in a new funding round led by Global Ventures, MENA’s leading venture capital firm. Other participants included new investors, Endeavor Catalyst Fund and EDGO, and existing investors, Energy Capital Group (ECG), Shorooq Partners, and Green Coast Investments. This funding round marks Immensa’s first fundraising effort since its $7 million Series A round in 2021.

“We are delighted to announce our $20 million funding round as we reshape the global energy spare parts market – a market ripe for disruption,” commented Fahmi AlShawwa, CEO and Founder of Immensa, “by digitising warehouses and creating more agile supply chains, we are paving the way for a new era in the industry. The proceeds will fuel our investment in innovative proprietary technology, including our end-to-end digital inventory solution and artificial intelligence tools.

Immensa raises $20 million in latest funding round with financing led by Global Ventures, MENA’s leading venture capital firm
Fahmi AlShawwa, CEO and Founder of Immensa.

He continued, “We will also expand geographically, strengthening our presence in Saudi Arabia, the UAE, and Oman, while venturing into North America within the next 18 months. . We reduce the vast unnecessary costs and long lead times of legacy supply chains and look forward to working closely with our energy sector clients to take this to new levels.”

The proceeds from the latest round led by Global Ventures will help expedite Immensa’s global expansion, transforming it from a regional player into a global solution provider as it builds the largest digital warehouse in energy via its proprietary technologies. The company will invest further in its exclusive software, a technology platform solution called DIS RT, and augment its artificial intelligence (AI) tools.

Immensa will continue to invest in and expand its existing operations in KSA and the UAE and anticipates market entries to at least two regional countries in the next six months, of which one is likely to be Oman. The company is also active and already serves Kuwait, Bahrain, Qatar, and Jordan. An expansion into North America is expected in the next 12–18 months, and projects in Southeast Asia are being evaluated.

Immensa operates in the global energy spare parts market, a sector largely untapped by existing additive manufacturing players and valued at $91 billion, of which the Middle East comprises 35%. The company works closely with both OEMs and end users, revolutionizing the sector by digitizing warehouses and creating more agile supply chains, as legacy structures often struggle to meet customer needs and preferences promptly and cost-effectively.

A digitized supply chain provides various tangible benefits for energy companies, including financial advantages like cash release and lower inventory ownership costs. It also provides operational benefits such as localized production and real-time procurement, along with environmental benefits such as reduced waste and a lower carbon footprint. Annually, energy companies face unnecessary losses estimated at $30 billion.

Immensa is the only company to own and control the full digital supply chain, offering end-to-end solutions covering assessment, digitization, and production-on-demand, all in one user-friendly interface. Its first-of-a-kind platform, DIS RT, tailored to the energy and power sector, solves the dual challenges of data security and quality control, with all processes executed in-house or on-premise. Immensa has also integrated proprietary AI tools into DIS RT to manage extensive data volumes, ensuring real-time information processing, and has developed its own proprietary hardware systems, enhancing its competitive edge in the market.

Noor Sweid, Founder and Managing Partner of Global Ventures, also commented: “We are delighted to lead Immensa’s funding round. As MENA’s largest additive manufacturing startup, the company’s business model aligns with our own thesis on supply chain technology’s power to decentralise, disintermediate, and bring greater efficiency to supply networks, starting with manufacturing. Immensa is addressing a sector under-explored by additive manufacturers: the $91 billion global energy spare parts market. We are excited to partner with Fahmi, Sary, and the rest of the team as they build the largest digital asset warehouse. We are convinced that they are best placed to capture this considerable opportunity in MENA and globally.”

Immensa’s expertise, spanning seven years in additive manufacturing and digitization, has created a platform uniquely tailored to the energy and power industries. To date, they have successfully produced over 15,000 products.

Since their funding round in 2021, Immensa has made significant strides. They’ve attracted top-tier C-suite executives from the industry and inaugurated their second state-of-the-art Advanced Manufacturing Centre in Saudi Arabia. Notable clients use the company’s end-to-end digital inventory solution, with Immensa on track to digitize one million energy spare parts by 2027. The convergence of artificial intelligence with additive manufacturing is set to accelerate the adoption of digital supply chains and the shift of spare parts from conventional to additive manufacturing. On-demand manufacturing has the potential to reduce the total cost of ownership of spare parts by up to 50%.

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Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based VoxelMatters. Today the company publishes the leading news and insights websites VoxelMatters.com and Replicatore.it, as well as VoxelMatters Directory, the largest global directory of companies in the additive manufacturing industry.

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