United States · Industrial automation startup

Fero Labs

Fero Labs is an AI-driven industrial machine learning platform based in New York, NY, with an additional location in Düsseldorf, Germany.

Funding reportedLast round: Series B

Industrial automationNew York, United States

About 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.

What company datasets say Fero Labs raised

Funding, as reported

Reported in all$24Min dollars
Rounds7
Last roundSeries B
Last round size$15M
Last round dateJun 2023
Investors listed12

Founders and team

From Fero Labs's own website and the SEC filings it signed: 7 on the team.

  • Pamir OzbayVP of Operations
  • Steve WalshVP of Sales
  • Todd GardnerHead of Engineering
  • Chloe ZeissSenior People Operations Manager
  • Sarah Calkin-WardDirector of Marketing
  • Alp KucukelbirExecutive Officer, Directori
  • Berk BirandExecutive Officer, Directori

On the board, as filediKlaus KleinfeldMichael Brown

On 5 portfolio pages

Investors who name them

Each firm lists Fero Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

corporate social responsibilitymanufacturing process optimizationai-driven slag optimizationmanufacturingenterprisesproactive process controlinformation technology & servicessustainable manufacturingcomplex manufacturing environmentsprocess anomaly detectionyield optimizationenterprise softwarewhite-box machine learningscalable industrial aicost savings in manufacturingai transparency

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Sector
Industrial automation
Industry code
NAICS 54133, 51321, 541512, SIC 3531
Region
New York
Revenue
$4.0M a year, as listed
Full record
Every detail in the company directory

Industrial automation in United States

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