Fero Labs builds process optimization software that uses white-box AI to help industrial manufacturers increase profitability and sustainability. Its platform provides plant operators with no data-science background actionable insights to identify root causes and deploy updates to keep plants at peak performance. Since launching in 2015, the software has uncovered upwards of $20M in savings for customers including Covestro, Gerdau and CELSA Nordic and has reduced more than 100,000 tons of carbon emissions. The company plans to use the new funding to support its white-box AI and deploy new features that drive real-time emissions reduction for steel, cement and chemical sectors. Led by CEO Berk Birand, Fero Labs aligns manufacturers on both profitability and emissions outcomes. Led by CEO Berk Birand, Fero Labs provides explainable machine learning software that automatically generates models for industrial process optimization. Plant experts use the software to create explainable ML models that account for key process parameters and variations. These models can be deployed in real time to continuously adjust operations and keep plants at peak performance. The product supports multiple industries, including consumer goods, automotive, steel and chemical sectors. Lighthouse users cited include Henkel, Volvo Trucks, Gerdau and Covestro. The company raised funding to expand its sustainable solutions.

Total raised

$24M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2023