# Imubit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/imubit

- Industry: Software
- Headquarters: Houston, US
- Website: www.imubit.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Dec 23, 2016)
- Investors on record: 2

## About

Imubit Inc., based in the US, develops an advanced AI platform that enhances operational efficiency through deep learning and process control, primarily serving industries like oil and gas, petrochemicals, and mining.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. The company has successfully secured a total funding of USD 30.00 mn in its latest GROWTH round from investors including Insight Partners and Spider Capital Partners. Imubit has completed 3 investment deals.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. The company serves major industry players such as Citgo, Ash Grove Cement Company, and Monroe Energy LLC, implementing solutions across North America and Europe.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. Revenue derives primarily from implementations of their flagship solutions, alongside ongoing support and updates provided to clients, allowing Imubit to maintain a steady income flow as clients leverage the platform to enhance operations.Imubit aims to expand its offerings with new features and enhance its Optimizing Brain Solution within the next year. The company is also targeting geographical expansion into Europe and Asia by 2025, utilizing recent funding to bolster these initiatives. Imubit recently raised an undisclosed amount from new investor Escondido Ventures, which will support their growth strategies.

## Funding rounds

- Seed, Dec 23, 2016, $2.3M — UpWest, Spider Capital

## Investors

- UpWest (https://capitalatlas.ai/funds/upwest) — Seed
- Spider Capital (https://capitalatlas.ai/funds/spider-capital) — Seed