Imubit
AI Process Optimization for Refiners and Chemical Operators
StartupImubit is a Modi'in-Maccabim-Re'ut-based startup in the Industrial Technologies sector, established in 2016. AI Process Optimization for Refiners and Chemical Operators. The company has raised a total of $50M across 5 funding rounds, currently at the B stage. Imubit was founded by Gilad Cohen, Meir Tseitlin, Nadav Cohen. Key investors include Lumir Ventures, Oren Zeev, Insight Partners, among 10 total investors. The company has 51-200 employees. Core technologies: Artificial Intelligence, Deep Learning, Machine Learning.
With $50M in total funding, Imubit is a B-stage company operating in Industrial Technologies. The company follows a B2B business model. Product stage: Released. The company holds 1 patent.
- StageB
- ProductReleased
- ModelB2B
- Employees51-200
- HQModi'in-Maccabim-Re'ut
- DistrictCenter District
- Last RoundUndisclosed
- Lumir Ventures
- Oren ZeevLead
- Insight Partners
10 investors total
Gilad CohenCo-founder & CEO
Meir TseitlinCo-founder
Nadav CohenCo-founder & Chief Scientist
2 articles covered by sources including www.automation.com,
www.calcalistech.com.
What does Imubit do?
Imubit specializes in AI process optimization for refineries and chemical plants with its Closed Loop Neural Network Platform. This platform is adept at maximizing profit while efficiently managing energy, safety, and sustainability in these industries. It leverages a variety of plant data sources, utilizing deep learning AI models trained on historical data to identify and exploit dynamic process relationships. Imubit offers AI optimization solutions tailored for a variety of industries in the petrochemical sector, including Refineries, Gas Processing & NGLs (Natural Gas Liquids), LNG (Liquefied Natural Gas), Olefins, Polymers, Renewable Fuels, and Ammonia Complexes.
How much funding has Imubit raised?
Imubit has raised $50M in total funding across 5 rounds. The company is currently at the B stage. Key investors include Lumir Ventures, Oren Zeev, Insight Partners.
Who founded Imubit?
Imubit was founded in 2016 by Gilad Cohen (Co-founder & CEO), Meir Tseitlin (Co-founder), Nadav Cohen (Co-founder & Chief Scientist).
What sector is Imubit in?
Imubit operates in Industrial Technologies, Operational Optimization Solutions, with core technologies in Artificial Intelligence, Deep Learning, Machine Learning. Target customers: Energy, Utilities & Waste Management, New Fuels, Hydrogen, Fossil Fuels, Oil, Utilities, Gas Utilities, Electricity, Industrial Manufacturing, Process Industries, Chemicals & Petrochemicals, Plastics.
Where is Imubit located?
Imubit is based in HaGanan Street, Modi'in-Maccabim-Re'ut, Israel, Center District. The company also has offices abroad.