Imubit

Company Overview

Snapshot

Founded in February 2016 by Gilad Cohen, Meir Tseitlin, and Nadav Cohen, Imubit operates with 51–200 employees. The company has raised $50 million across 5 funding rounds from 10 investors. In August 2021, Imubit secured a Series B funding round with participation from lead investor Oren Zeev.

Business overview

Imubit specializes in AI process optimization, offering its Closed Loop Neural Network Platform to refineries and chemical plants. The platform aims to maximize profit while managing energy, safety, and sustainability by leveraging deep learning AI models trained on historical plant data. Imubit's solutions are tailored for various petrochemical industries, including Refineries, Gas Processing & NGLs, LNG, Olefins, Polymers, Renewable Fuels, and Ammonia Complexes, operating within the Industrial Technologies sector.

Company Intelligence Q&A

What is Imubit's core technology?

Imubit's core technology is its Closed Loop Neural Network Platform, which utilizes deep learning AI models trained on historical data to identify and exploit dynamic process relationships for AI process optimization.

Which industries does Imubit serve?

Imubit serves various industries within the petrochemical sector, including Refineries, Gas Processing & NGLs, LNG, Olefins, Polymers, Renewable Fuels, and Ammonia Complexes.

When was Imubit founded and by whom?

Imubit was founded in February 2016 by Gilad Cohen, Meir Tseitlin, and Nadav Cohen.

What was a significant funding event for Imubit?

In August 2021, Imubit raised $30 million in a Series B funding round, with lead investor Oren Zeev and participation from.

What is the total capital raised by Imubit?

Imubit has raised a total of $50 million across its funding rounds.