Your guide to relocating to Dubai

Download our free guide on moving to Dubai

Immensa Secures $20M for Disruptive Energy Digital Supply Chain

Jonathan Wong

Jonathan Wong

30 November 2023

Immensa, a MENA-based startup, secures $20 million in Series B funding to revolutionize the energy industry's supply chain. Focused on digital inventory and additive manufacturing, Immensa addresses the intricate supply chains of sectors like petrochemicals and oil and gas, allowing on-demand production and reducing reliance on imports.

Founded in 2016, Immensa evaluates, digitizes, and produces components on-demand, significantly lowering spare parts balance sheets for large energy conglomerates. The startup, now the largest in the digital inventory space for the energy sector, plans to expand its clientele to include the United States and anticipates North American expansion in the next 12 to 18 months.

Immensa's profitability in 2022 exceeded $10 million, doubling its numbers by the end of 2023. The recent funding round, led by Global Ventures, positions Immensa to build the largest digital warehouse in the energy industry, strengthen AI technologies, and expand its operations in the Middle East, with potential entry into two more regional nations and North America.

Immensa's disruptive approach to outdated spare parts, environmental benefits, and partnerships with major energy companies, including Aramco and Adnoc, highlight its growing influence and positive evolution within the additive manufacturing industry.