The Dubai-based start-up Immensa specializes in digital storage systems and 3D printing for the energy industry. New 20 million dollar funding is set to drive its expansion.
Immensa analyzes the physical inventories of customers such as oil multinationals and power plant operators. Some of the spare parts are then digitally recorded so that they can be produced decentrally using 3D printing if required.
According to CEO Fahmi Al Shawwa, this on-demand production can reduce storage costs by over 200 million dollars per group. Local production would also drastically reduce transportation routes and carbon dioxide emissions.
Immensa has developed its own platform for the energy industry called DIS RT, which maps the entire digital procurement process. The company also operates two large 3D printing hubs in Dubai and Saudi Arabia.
The new investment will be used for expansion into North America and South East Asia. According to Al Shawwa, Immensa is the only provider in the world with an end-to-end offering for digitalization and just-in-time manufacturing in the energy sector.