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
