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New Deal


Announced

Completed

Zeev Ventures led a $50m investment in Imubit.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

United States

Single Bidder

Private

artificial intelligence

Software

Acquisition

Minority

Private Equity

Venture Capital

Completed

Domestic

Synopsis

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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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