UAE’s Immensa bags $20M Series B round

UAE-based Immensa, an additive manufacturing startup, has raised $20 million in a funding round led by Global Ventures.

The round included new investors Endeavor Catalyst Fund and EDGO, existing investors ECG, Shorooq Partners, and Green Coast Investments, according to statement shared on Wamda.

The funding will be used to improve DIS RT's proprietary software, and enhance AI tools, aiming to build the largest energy digital warehouse.

The company plans to expand its operations in KSA and UAE, with plans to enter Oman within six months. It already serves Kuwait, Bahrain, Qatar, and Jordan. North America expansion is expected within 12-18 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,” said Fahmi AlShawwa, CEO and Founder of Immensa.

Immensa, founded by Fahmi AlShawwa in 2016, offers energy companies on-demand spare parts without mass manufacturing in Southeast Asia, China, or Latin America. It provide comprehensive solutions for assessment, digitization, and production-on-demand.

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Its DIS RT platform, tailored for the energy and power sector, addresses data security and quality control challenges. Immensa has integrated proprietary AI tools and developed its own hardware systems to manage large data volumes and enhance its competitive edge.

The company has developed a platform specifically for the energy and power industries, producing over 15,000 products.

With a goal to digitise one million energy spare parts by 2027, the company is leveraging artificial intelligence and additive manufacturing to accelerate digital supply chains and shift spare parts from conventional to additive manufacturing, potentially reducing ownership costs by up to 50%.