Imubit

About Imubit

The startup develops a closed-loop neural network platform that utilizes deep hydrocarbon processing expertise to create precise models for complex refinery and chemical plant operations. This technology enables operators to identify and capitalize on new process optimization opportunities, enhancing efficiency and profitability in their facilities.

```xml <problem> Hydrocarbon processing plants face challenges in optimizing complex operations due to ever-changing factors such as varying feedstock, equipment disturbances, and regulatory changes. Traditional models often fail to capture the dynamic relationships between process variables, hindering efficiency and profitability. </problem> <solution> Imubit offers a closed-loop AI optimization solution that addresses these challenges by creating precise models for complex refinery and chemical plant operations. The Optimizing Brain solution leverages a cloud-based Industrial AI Platform that uses advanced reinforcement learning to simulate and optimize various scenarios. Imubit's Industrial Solution Applications empower engineers with accessible AI tools for operator training, real-time process monitoring, and planning tool augmentation. Deep Learning Process Control (DLPC) integrates with existing DCS or APC systems to execute closed-loop AI optimization, mimicking the expertise of experienced operators and responding to complex scenarios in real time. </solution> <features> - Cloud-based Industrial AI Platform utilizing advanced reinforcement learning - Foundation Process Model for diverse challenges in closed loop with live plant data - Industrial Solution Applications for operator training, real-time process monitoring, and planning tool augmentation - Deep Learning Process Control (DLPC) for seamless integration with existing DCS or APC systems - Generalized first-principle economic models for key chemical processes - Steady-state baseline models for real-time estimation of potential benefits from DLPC control - Performance dashboards for tracking KPIs, economic debottlenecking, and constraint analysis - Process modeling platform leveraging historical and ongoing data - Dynamic relationships visualization through Monte Carlo simulations - Pre-optimized dynamic controller trained and continuously improving based on manipulated variables, constraints, and real-time stream pricing - Open-loop simulations for visualizing controller moves and predictions - Process control network software compliant with cybersecurity and reliability requirements - Control room application for operators to update controller constraints and engineers to update control priorities - Customizable dashboards for operators to understand controller status and projected moves - Remote monitoring via cyber-secure proprietary network protocols </features> <target_audience> The primary target audience includes oil refineries, gas processing plants, NGL facilities, and chemical plants seeking to optimize operations, improve margins, reduce emissions, and empower their workforce with AI-driven insights. </target_audience> ```

What does Imubit do?

The startup develops a closed-loop neural network platform that utilizes deep hydrocarbon processing expertise to create precise models for complex refinery and chemical plant operations. This technology enables operators to identify and capitalize on new process optimization opportunities, enhancing efficiency and profitability in their facilities.

Where is Imubit located?

Imubit is based in Houston, United States.

When was Imubit founded?

Imubit was founded in 2016.

How much funding has Imubit raised?

Imubit has raised $49.4M.

Location
Houston, United States
Founded
2016
Funding
$49.4M
Employees
183 employees
Investors
Zeev VenturesInsight PartnersGranitehillGreenbay VenturesLumirSummitpeakUpWest

Imubit

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

The startup develops a closed-loop neural network platform that utilizes deep hydrocarbon processing expertise to create precise models for complex refinery and chemical plant operations. This technology enables operators to identify and capitalize on new process optimization opportunities, enhancing efficiency and profitability in their facilities.

imubit.com20K+
Founded 2016Houston, United States

Funding

No specific funding rounds found.

Total Funding

$49.4M

Backed by

Insight PartnersGranitehillGreenbay VenturesLumirSummitpeak

Team (100+)

No team information available.

Company Description

Problem

Hydrocarbon processing plants face challenges in optimizing complex operations due to ever-changing factors such as varying feedstock, equipment disturbances, and regulatory changes. Traditional models often fail to capture the dynamic relationships between process variables, hindering efficiency and profitability.

Solution

Imubit offers a closed-loop AI optimization solution that addresses these challenges by creating precise models for complex refinery and chemical plant operations. The Optimizing Brain solution leverages a cloud-based Industrial AI Platform that uses advanced reinforcement learning to simulate and optimize various scenarios. Imubit's Industrial Solution Applications empower engineers with accessible AI tools for operator training, real-time process monitoring, and planning tool augmentation. Deep Learning Process Control (DLPC) integrates with existing DCS or APC systems to execute closed-loop AI optimization, mimicking the expertise of experienced operators and responding to complex scenarios in real time.

Features

Cloud-based Industrial AI Platform utilizing advanced reinforcement learning

Foundation Process Model for diverse challenges in closed loop with live plant data

Industrial Solution Applications for operator training, real-time process monitoring, and planning tool augmentation

Deep Learning Process Control (DLPC) for seamless integration with existing DCS or APC systems

Generalized first-principle economic models for key chemical processes

Steady-state baseline models for real-time estimation of potential benefits from DLPC control

Performance dashboards for tracking KPIs, economic debottlenecking, and constraint analysis

Process modeling platform leveraging historical and ongoing data

Dynamic relationships visualization through Monte Carlo simulations

Pre-optimized dynamic controller trained and continuously improving based on manipulated variables, constraints, and real-time stream pricing

Open-loop simulations for visualizing controller moves and predictions

Process control network software compliant with cybersecurity and reliability requirements

Control room application for operators to update controller constraints and engineers to update control priorities

Customizable dashboards for operators to understand controller status and projected moves

Remote monitoring via cyber-secure proprietary network protocols

Target Audience

The primary target audience includes oil refineries, gas processing plants, NGL facilities, and chemical plants seeking to optimize operations, improve margins, reduce emissions, and empower their workforce with AI-driven insights.

Sources:

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