# Fero Labs: Industrial automation, New York, United States

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

Source: https://millionrounds.com/startup/fero-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Industrial automation startup](https://millionrounds.com/companies)

# 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 reported Last round: Series B

Industrial automation New York, United States

Company summary

- **Founded:** 2016 10 years old
- **Team:** 25 11 to 50 people
- **Funding reported:** $24M in dollars
- **Last round:** Series B Jun 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Fero Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$24M** in dollars

Rounds **7**

Last round **Series B**

Last round size **$15M**

Last round date **Jun 2023**

Investors listed **12**

## Founders and team

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

- **Pamir Ozbay** VP of Operations
- **Steve Walsh** VP of Sales
- **Todd Gardner** Head of Engineering
- **Chloe Zeiss** Senior People Operations Manager
- **Sarah Calkin-Ward** Director of Marketing
- **Alp Kucukelbir** Executive Officer, Director i
- **Berk Birand** Executive Officer, Director i

On the board, as filed i *Klaus Kleinfeld* *Michael Brown*

## On 5 portfolio pages

Investors who name them

- [Eudaimonia Capital](https://millionrounds.com/fund/eudaimonia-capital)
- [Deutsche Invest capital Partners](https://millionrounds.com/fund/deutsche-invest-capital-partners)
- [Fantail Ventures](https://millionrounds.com/fund/fantail-ventures)
- [Capmont](https://millionrounds.com/fund/capmont)
- [DI Kapital](https://millionrounds.com/fund/di-kapital)

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 responsibility manufacturing process optimization ai-driven slag optimization manufacturing enterprises proactive process control information technology & services sustainable manufacturing complex manufacturing environments process anomaly detection yield optimization enterprise software white-box machine learning scalable industrial ai cost savings in manufacturing ai transparency

Built with from their website

Google Tag Manager Google Cloud Linkedin Insight Tag Google Ads Google Workspace CloudFlare Viewport Meta LinkedIn Ads Amazon S3 Google Cloud Hosting

+8 more

AI Google Meet SEOmatic Cookiebot Microsoft Azure Salesforce Mobile Friendly Open Graph

- **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](https://millionrounds.com/directory/fero-labs)

## Industrial automation in United States

Startups like it

- [**Apptronik** Austin · founded 2015 *Raised*](https://millionrounds.com/company/apptronik)
- [**Freeform** Hawthorne · founded 2019 *Raised*](https://millionrounds.com/company/freeform)
- [**Vecna Robotics** Waltham · founded 1998 *Raised*](https://millionrounds.com/company/vecna-robotics)
- [**tend.ai** Bend · founded 2016 *Raised*](https://millionrounds.com/company/tend-ai)
- [**Flexiv Robotics** San Jose · founded 2016](https://millionrounds.com/startup/flexiv-robotics)
- [**AgileX Robotics** Washington · founded 2016](https://millionrounds.com/startup/agilex-robotics)
- [**Sortera Technologies, Inc.** Markle · founded 2020](https://millionrounds.com/startup/sortera-technologies-inc-2)
- [**Hyphen** San Jose · founded 2018](https://millionrounds.com/startup/hyphen-2)

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