Imubit
AI Process Optimization for Refiners and Chemical Operators
Startup B Industrial Technologies Est. 2016
Total Raised
$50M
B
Last Round
Undisclosed
5 rounds
Investors
10
10 public
Team
4
51-200 employees
Confidence
97/100
News
2
articles
Patents
1
About
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.
Classification
Sector
Industrial TechnologiesOperational Optimization Solutions
Core Technology
Artificial IntelligenceDeep LearningMachine Learning
Target Customer
Energy, Utilities & Waste ManagementNew FuelsHydrogenFossil FuelsOilUtilitiesGas UtilitiesElectricityIndustrial ManufacturingProcess IndustriesChemicals & PetrochemicalsPlastics
Business Model
B2B
Tags
alternative-fuelsiotcloud-basedpredictive-analyticsindustry-4.0operations-optimizationmanufacturing-facilitiesmachine-learningdeep-learningnatural-gashydrogen
Funding & Events
Mar 2023
Undisclosed Round Undisclosed
Lumir Ventures
Mar 2019
A Round $17.7M
Spider Capital (Lead)
Feb 2016
Undisclosed Round Undisclosed
Philippe Suchett
Dec 2016
Seed $2.3M
Cognite ventures, Green Bay Ventures, Gil Dibner, Bouaziz & Partners
Aug 2021
B Round $30M
Oren Zeev (Lead), Insight Partners, UpWest, Spider Capital
News (2)
Dec 8, 2021 · www.automation.com
growth-positive
Imubit Appoints New Vice Presidents to Foster Global Sales and Customer Success
Management Changes
Aug 16, 2021 · www.calcalistech.com
growth-positive
Imubit announces arrival with $50 million in total funding for AI process optimization platform
Investment
Details
Product Stage
Released
Employees
51-200
Exact Count
186
District
Center District
Founded
2016
Registrar
515409811
Crunchbase
imubit
Locations
HaGanan Street, Modi'in-Maccabim-Re'ut, Israel
1360 Post Oak Blvd Suite 2300, Houston, TX 77056, USA
Links
Website
LinkedIn
Careers
Admin
Last Update
Sep 28, 2024
Verified by
Yanina Wainscheinker
Claimed
Yes
Missing
video or image, markets
Team (4)
Gilad Cohen
Co-founder & CEO
Founder
Meir Tseitlin
Co-founder
Founder
Nadav Cohen
Co-founder & Chief Scientist
Founder
Rebecca Murtagh
VP Marketing
Internal
Created by
Rachel Wain (rachelwain18@gmail.com)
Created
2015-09-06T00:00:00.000Z
Last editor
Maor Perlov (maor.perlov@sncentral.org)