Announced
Completed
Financials
Sources
Tags
Friendly
United States
Single Bidder
Private
artificial intelligence
Software
Acquisition
Minority
Private Equity
Venture Capital
Completed
Domestic
Synopsis
Zeev Ventures, an early-stage venture fund, led a $50m investment in Imubit, a provider of AI process optimization for refiners and chemical operators, with participation from Insight Partners, Spider Capital and UpWest. "Insight focuses on exceptional category creating companies that are scaling revolutionary technologies while transforming industries. Imubit has solved the extremely difficult business and technological challenges of how to optimize high-value refinery and chemical plant processes that were once considered too complex and is now scaling up this new technology. We look forward to supporting Imubit on its journey," Josh Fredberg, Insight Partners Operating Partner.
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