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The global energy extra parts grocery store is valued at over $ 90 billion , with the Middle East representing about 35 % of this sector . This sectorremains largely untapped by existingadditive manufacturing and digital inventory platformsthat have spread footmark across medical , aviation , automotive and jewelry industry .
Unlike these industry , which have embraced linear manufacturing and 3D printing for over a decennary , the energysector only began follow it not too long ago , and one of the inauguration at the cutting edge of this innovation is MENA - basedImmensa .
Founded byFahmi Al Shawwa , the Dubai - found inauguration lead off operations in 2016 , focusingon harnessing additive manufacturing and three-D impression for industrial applications . Two days later on , it identified the vim sphere as its target area market and has now secured $ 20 million in Series B funding .
Globally , several manufacture present meaning global supply range issues as legacy structure often struggle to meet customer need effectively . Industries such as crude oil and gas pedal , petrochemicals and power generation have one of the most complex supply chain in the world . In an interview with TechCrunch , Al Shawwa noted that some of the big companies , for example , Equinor , ConocoPhillips and Saudi Electricity Company , each seat on over a billion dollars worth of spare part , most of which are manufactured in part outside their central office . What additive manufacturing brings to the ruffle is allowing these conglomerates to get at spare part on demand without mass manufacturing in hubs across Southeast Asia , China , or Latin America .
In Immensa ’s case , it assesses these parts for its node and determines the percentage that qualifies for on - requirement production , therebydiminishing its client ’ fleshy reliance on consequence . To illustrate , if a factory near London experiences turbine issues requiring an impeller successor , the distinctive procedure involves site a petition with the procurement storage warehouse . If the warehouse possesses the part , it is broadcast ; otherwise , the manufacturer is contacted . The manufacturer , based in Germany , collaborates with a contract producer in China , leading to the yield of the part . After quality command in Germany , the part is shipped to London and then to the node . This merchant marine - intensive process contributes to a carbon footmark that is likely 50 % or more than what local production would fee-tail .
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Immensa ’s approaching is to streamline the outgrowth . When a part breaks , clients can go online , locate the required part and place an order . It can then direct the order to the nearest dependent 3D printing quickness , often around Heathrow or outside London . The part is produced fleetly and present within Clarence Day , slashing jumper cable times . This not only reduces overall costs but also get rid of custom and transportation hassle from the equality .
This considerably reducesthe spare part counterbalance sheet by $ 200 - 300 million for most of these vigour pudding stone , agree to Al Shawwa;annually , these companies grapple with unneeded losses estimated at $ 30 billion . The changeover to a digitized supplying chain also offers pregnant environmental benefit like minimize wastage and reducing the carbon step .
“ Today , we are by far the largest party that focuses on digital inventory for the vim sector and the energy sphere is in effect petroleum and gas refineries , petrochemicals , power generation , world power distribution , utilities , water supply , nuclear and renewables , ” said the father , who hold multiple certifications in linear manufacturing and is one of the pioneers of linear manufacturing in the Middle East .
“ These all strike under the vigour manufacture specifications and this is where we rivet on what we do to simplify as an offering : We go to prominent companies , we take a look at their physical warehouses , and we endeavor to assess how much of this can be converted to a digital storage warehouse or a virtual warehouse whereby they can press a button and get the part produced on demand . ”
The UAE - headquartered inauguration claim to be the only company to own and control the entire digital provision Ernst Boris Chain of the energy sector . Operating on the DIS RT weapons platform , it provides comprehensive solutions spanning assessment , digitisation and production - on - requirement , effectively addressing the twine issues of datum certificate and quality controller , as all cognitive operation are lead in - theater or on - assumption . The society also highlights desegregate proprietary AI pecker into DIS RT , enabling the management of broad data point volumes for literal - time information processing . Immensa , which has over 100 linear manufacturing specialists and technologist , also claims to have developed its proprietary computer hardware system , enhance its competitive bound in the grocery .
Over the past six years , Immensa has meticulously assessed over a million part , producing more than 15,000 components . It part in the UAE and Kuwait before flesh out into Saudi Arabia . It operate from two master hub — facility turn up in Dubai and Saudi Arabia — do clients across the Middle East , North Africa and shortly North America as it gears up to extend range to customer in the U.S. , say Al Shawwa .
Al Shawwa say Immensa ’s clientele predominantly comprise major oil color and gas conglomerates , including renowned entity such as Aramco , Adnoc and Schlumberger . While its direction is on clients ’ quality , the seven - class - old has successfully serviced a substantial number in the energy sphere , including at least 40 companies , cover end users and original equipment manufacturers ( OEMs ) , the players whose market it ’s interrupt .
“ Until a year and a half ago , most OEMs fought us and accuse us of imitative and copying , ” say Al Shawwa . “ We take a good deal of caution and worry about not encroach on copyright and noetic property because we also create our right of first publication and away from being part of our core values and ethics , if I copy someone ’s plus , someone else is going to copy mine . ”
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Focusing on obsolete parts and those outside warranty or not being serviced , Immensa has rule itself in an advantaged position . Interestingly , by the end of last class , OEMs started approach the party ; now , it has struck partnership with four such company , producing their parts under licence , helping them digitise 3D - print components , and pay them royal house in issue . This fault reflects a positive evolution in its relationships within the industry .
gross for the Dubai - ground startup are generated through the appraisal , digitization and platform substitution of these parts . Last year , it pass on over $ 10 million in tax revenue , marking lucrativeness ; it plans to double these figure by the end of 2023 .
MENA - pore venture capital house Global Ventures led the modish funding circle for Immensa . The investment pull in engagement from new backers , including Endeavor Catalyst Fund and EDGO and continued support from existing investors , such as Energy Capital Group ( ECG ) , Shorooq Partners and Green Coast Investments . This comes two years after Immensa set up $ 7 million in Series A investment funds .
Immensa says the funds procure will propel it from a regional entity to a big global solutions provider as it train to construct the largest digital warehouse in the energy sphere . The investing will also enhance DIS RT and fortify its AI tool , it enounce in a statement . In improver , Immensa plans to bolster its current operations in Saudi Arabia and the UAE , expect entry into at least two extra regional res publica within the next six month , with Oman belike being one of them . The company is active in Kuwait , Bahrain , Qatar and Jordan . Meanwhile , expansion into North America is on the horizon within the next 12 - 18 months , while potential undertaking in Southeast Asia are currently under valuation .
