Immensa, a frontrunner in additive manufacturing within the MENA area, just lately raised $20 million in Sequence B funding. This transfer is critical within the context of the worldwide power spare components market, valued at over $90 billion.

The power sector, representing about 35% of this market within the Center East, has been comparatively sluggish in adopting additive manufacturing and 3D printing applied sciences in comparison with different industries like medical, aviation, automotive, and jewellery. Immensa, based in 2016 by Fahmi Al Shawwa, recognized the power sector as its goal market in 2018, aiming to remodel its provide chain operations.

The standard strategy of sourcing spare components within the power sector is advanced and environmentally burdensome, typically involving a number of geographical areas and a considerable carbon footprint. Immensa’s strategy revolutionizes this course of by enabling on-demand manufacturing of components, considerably lowering lead instances, prices, and environmental affect. For instance, a manufacturing facility in London requiring a alternative half would historically undergo a prolonged course of involving a number of international locations. With Immensa’s digital stock platform, the half could be ordered on-line and produced at a close-by 3D printing facility, considerably lowering the logistical complexities.

Immensa has assessed over one million components and produced greater than 15,000 parts, serving shoppers throughout the Center East and North Africa, and plans to increase to North America. The corporate’s give attention to the power sector has led to partnerships with main oil and fuel conglomerates like Aramco, Adnoc, and Schlumberger. Curiously, Immensa additionally collaborates with authentic tools producers (OEMs), producing components underneath license and paying royalties.

The $20 million funding, led by MENA-focused enterprise capital agency International Ventures, will assist Immensa in reaching its purpose of setting up the biggest digital warehouse within the power sector. This funding will improve Immensa’s DIS RT platform and fortify its AI instruments, positioning the corporate for additional growth.

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