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Fero Labs
Fero Labs is an AI-driven industrial machine learning platform based in New York, NY, with an additional location in Düsseldorf, Germany. Founded in 2015, the company focuses on providing explainable process optimization software and digital twin capabilities. Its mission is to serve as the "Profitable Sustainability Platform," helping factories implement production changes that enhance both profitability and sustainability. The company offers a SaaS-based industrial data analytics platform that generates explainable machine learning models. Key features include transparent insights for operators, digital twin forecasting for simulating processes, automated data processing, and failure prediction to prevent production issues. Fero Labs primarily serves B2B clients in heavy industries such as steel, chemicals, oil and gas, cement, automotive, and consumer packaged goods. The company has partnered with major manufacturers like Gerdau, Nucor, Ford, Henkel, and Covestro to support their decarbonization and efficiency efforts.
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$4M