Imubit
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 6.5m | 15.2m | 31.0m | 34.0m | 39.8m |
% growth | - | 134 % | 104 % | 10 % | 17 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Seed | |
$2.3m | Seed | ||
$17.7m | Series A | ||
$30.0m | Late VC | ||
Total Funding | CAD68.2m |
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Recent News about Imubit
EditImubit specializes in AI-driven optimization solutions for hydrocarbon processing plants, including refineries, gas processing units, and olefin splitters. The company leverages patented Closed Loop Neural Networks technology to automate and enhance plant operating strategies, thereby unlocking untapped value and improving efficiency. Imubit serves clients in the hydrocarbon processing industry, offering solutions that integrate deeply with existing processes while prioritizing safety. The business model revolves around providing AI applications that allow real-time interaction with models, enabling operators and engineers to visualize value generation and adjust constraints and targets on-premises. Revenue is generated through the deployment and maintenance of these AI solutions, which are tailored to meet the stringent safety requirements of the industry.
Keywords: AI optimization, hydrocarbon processing, Closed Loop Neural Networks, refineries, gas processing, olefin splitters, efficiency, safety, real-time interaction, patented technology.