Fero Labs Raises $9 Million In Series A Financing To Bring Explainable Machine Learning To Industrial Manufacturing
Fero Labs Raises $9 Million In Series A Financing To Bring Explainable Machine Learning To Industrial Manufacturing
07/21/21, 5:57 PM
Location
new yorkMoney raised
$9 million
Round Type
series a
Fero Labs, the only Explainable Machine Learning software solely dedicated to the industrial sector, today announced the closing of a $9 million Series A round led by Innovation Endeavors, with participation from Deutsche Invest VC. This funding will support Fero Labs in expanding its product offerings to new sectors and ultimately push the industrial manufacturing community forward. The industrial sector has just begun to implement technologies into its processes to reduce waste and increase efficiency and profits.
Company Info
Location
new york, new york, united states
Additional Info
Fero is factory optimization software that enables manufacturers to reduce costs and emissions at the same time.
With intuitive software guiding them, your engineers can confidently take informed actions that minimize over-design margins. Powered by white-box machine learning that makes decisions clearer, Fero gets leading global manufacturers better production results while minimizing emissions.
With Fero, you see every situation – and every solution – more clearly.