Imubit
Latest round
- Seed
Last raised
- Dec 2016
Total raised
- $2.3M
Investors
- 2
About Imubit
Founded in 2016 in Houston, US, Imubit Inc. specializes in optimizing industrial processes. The founders, Gilad Cohen, Meir Tseitlin, and Nadav Cohen, have prior entrepreneurial experience.Imubit specializes in providing an advanced industrial AI platform known as the Optimizing Brain Solution. This platform integrates deep learning and process control to enhance operational efficiency across various sectors, including oil and gas, petrochemicals, and mining. The core functionality of the platform revolves around extracting untapped value to optimize yield by 1-3% across different product grades while adhering to unit constraints and reducing natural gas usage by 15-30%. Imubit's technology facilitates collaboration among operators and engineers, providing visual insights that assist in decision-making processes.Imubit generates revenue through subscription-based models and partnerships with clients across various industries. These transactions involve firms entering agreements for deploying the Optimizing Brain Solution tailored to their operational needs. The business framework includes consultative assessments to demonstrate the value of AI optimization before long-term contracts are established.Imubit aims to expand its offerings with new features and enhance its Optimizing Brain Solution within the next year.
Who invested in Imubit
2 investors across 1 round
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Funding rounds
Seed
Dec 23, 2016
Amount
$2.3M
Investors
Questions about Imubit
Who invested in Imubit?
Imubit has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Imubit raised?
Imubit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Imubit last raise money?
Imubit's most recent round on record is a Seed, in Dec 2016.
What does Imubit do?
Founded in 2016 in Houston, US, Imubit Inc.
Where is Imubit headquartered?
Imubit is headquartered in Houston, US.
Which VCs invest in companies like Imubit?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Imubit's stage. Their profiles are linked below.
VCs backing software startups at Seed
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