MENA-based Immensa Raises $20 Million in Series B Funding
The funding will help the manufacturing and digital inventory platform expand globally.
MENA-based additive manufacturing and digital inventory platform Immensa secures $20 million in Series B financing, Immensa announces.[1]
The funding round has been led by MENA-focused venture capital firm Global Ventures, with participation from new investors like Endeavor Catalyst Fund and EDGO, as well as continued support from existing backers including Energy Capital Group, Shorooq Partners, and Green Coast Investments.
Immensa tries to eliminate needless losses, cut expenses, and lessen the carbon footprint in the energy sector by automating the supply chain and utilizing additive manufacturing and 3D printing.
With plans to build a large digital warehouse in the energy industry, the company intends to go worldwide, bolstering its capabilities and operations in the Middle East, North America, and potentially Southeast Asia.
The Dubai-based firm was launched in 2016 and was founded by entrepreneur Fahmi Al Shawwa.