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.

Business overview

Imubit specializes in AI process optimization, offering a Closed Loop Neural Network Platform designed for refineries and chemical plants. This platform maximizes profit while managing energy, safety, and sustainability by leveraging deep learning AI models trained on historical plant data. Imubit provides AI optimization solutions for various petrochemical industries, including Refineries, Gas Processing & NGLs, LNG, Olefins, Polymers, Renewable Fuels, and Ammonia Complexes.

Strategic signal

In December 2021, Imubit appointed new Vice Presidents to bolster global sales and customer success initiatives. This strategic expansion of its leadership team signals a strong focus on accelerating market penetration and enhancing client relationships, indicating a push for significant growth in its target industrial sectors.

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 to optimize processes in industrial settings.

When was Imubit founded?

Imubit was founded in February 2016.

How much capital has Imubit raised to date?

Imubit has raised a total of $50 million in funding.

What was a key strategic move for Imubit in December 2021?

In December 2021, Imubit appointed new Vice Presidents to enhance global sales and customer success efforts, aiming to expand its market reach and strengthen client engagement.