Imubit Raises $30 Million in Series B

by Kay Aloha Villamor in August 25th, 2021

Imubit, a Houston, TX-based provider of artificial intelligence (AI) process optimization solutions for refiners and chemical operators, raised $30 Million in Series B, was led by Zeev Ventures and Insight Partners, with participation from existing investors Spider Capital and UpWest. 

The company intends to use the funds to bring its Closed-Loop Neural Networks to every process manufacturing plant around the globe.

Company: Imubit, Inc.

Raised: $30.0M

Round: Series B

Funding Month: August 2021

Lead Investors: Zeev Ventures and Insight Partners

Additional Investors: Spider Capital and UpWest

Company Website: http://www.imubit.com/

Software Category: a Closed-Loop Neural Network platform>AI

About the Company: Imubit provides a Closed-Loop Neural Network platform, an AI process optimization solution that enables hydrocarbon processing plant operators to discover, engineer, and monetize process optimization opportunities. Powered by its patent-pending Deep Learning Process Control® technology, the solution allows the plant to execute its most profitable operational strategies on a 24/7 basis.

Source: https://www.finsmes.com/2021/08/imubit-raises-30m-in-funding.html

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