Fero Labs is an AI-powered Profitable Sustainability Platform that offers real-time production predictions to help manufacturers cut costs and emissions. The platform utilizes white-box ML and provides confidence bands on every prediction, along with real-time explanations about live production anomalies. This empowers cross-functional teams to maximize the use of raw and recycled materials, production time, and energy supplies, leading to increased production knowledge and making continuous process improvements with confidence. Founded in 2016 and headquartered in the United States, Fero Labs recently secured a $15.00M Series B investment on 21 June 2023 from notable investors including Blackhorn Ventures, Innovation Endeavors, Climate Investment, DI Technology. The company was also recognized as a 2024 Technology Pioneer by the World Economic Forum. Fero Labs aims to drive sustainable practices and efficiency in manufacturing and offers a live demo of its platform on its website.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $15.00M | 4 | 21 Jun 2023 | |
Series A | $9.00M | 3 | 21 Jul 2021 | |
Series A | Unknown | 1 | Konstantin von Unger | 31 Mar 2021 |
Venture Round | Unknown | 3 | Henkel Ventures | 04 Feb 2020 |
Venture Round | Unknown | 1 | 01 Mar 2018 |
No recent news or press coverage available for Fero Labs.