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Founded Year

2016

Stage

Series A | Alive

Total Raised

$13.3M

Last Raised

$9M | 1 yr ago

About Fero Labs

Fero is an industrial machine learning platform. Fero supports a wide range of application areas and sectors. Most statistical models used in typical Six Sigma and Lean Manufacturing practices are outdated. Fero brings the full power of the latest artificial intelligence and machine learning methods in a convenient, easy-to-use package to the factory floor.

Fero Labs Headquarters Location

433 Broadway

New York, New York, 10013,

United States

917-633-6041

ESPs containing Fero Labs

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Manufacturing Tech

Plant analytics platforms allow operators to create dashboards for visibility and insights across multiple manufacturing functions, including process optimization, energy management, and maintenance. Across process optimization, energy management, and maintenance, vendors in this space typically focus on improving asset uptime, increasing production efficiency, optimizing energy inputs, and reduci…

Fero Labs named as Challenger among 6 other companies, including OSIsoft, Parsable, and Aizon.

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Fero Labs's Products & Differentiation

See Fero Labs's products and how their products differentiate from alternatives and competitors

  • Fero Labs software

    Machine learning software designed specifically for the industrial sector, with an emphasis on explainability.

    Differentiation

    Compared to some competitors, our software and core technology are built specifically for industrial process optimization (many of our customers also target insurance, retail, railroad etc..) We als… 

Research containing Fero Labs

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Fero Labs in 1 CB Insights research brief, most recently on Mar 16, 2022.

Expert Collections containing Fero Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fero Labs is included in 5 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

A

Artificial Intelligence

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digitization & Automation In Manufacturing

277 items

Companies in discrete manufacturing focused on improving efficiency through digitization and automation.

A

Advanced Manufacturing

3,713 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

A

AI 100

100 items

Fero Labs Patents

Fero Labs has filed 11 patents.

The 3 most popular patent topics include:

  • Architectural elements
  • Structural engineering
  • Construction
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/2/2019

2/22/2022

Mechanics, Structural engineering, Architectural elements, Fluid dynamics, Orbits

Grant

Application Date

12/2/2019

Grant Date

2/22/2022

Title

Related Topics

Mechanics, Structural engineering, Architectural elements, Fluid dynamics, Orbits

Status

Grant

Latest Fero Labs News

16:45 EDT Fero Labs Named to the 2022 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

May 17, 2022

News provided by Share this article Share this article Factory optimization software maker Fero Labs is recognized for achievements in industrial automation for modern manufacturers NEW YORK, May 17, 2022 /PRNewswire/ -- CB Insights today named Fero Labs to its annual AI 100 ranking , showcasing the 100 most promising private artificial intelligence companies in the world. "This is the sixth year that CB Insights has recognized the most promising private artificial intelligence companies with the AI 100. This year's cohort spans 13 industries, working on everything from recycling plastic waste to improving hearing aids," said Brian Lee, SVP of CB Insights' Intelligence Unit. "Last year's AI 100 companies had a remarkable run, raising more than $6 billion, including 20 mega-rounds worth more than $100 million each. We're excited to watch the companies on this year's list continue to grow and create products and services that meaningfully impact the world around them." "Manufacturing plants across sectors are embracing machine learning technology as a method to boost volume and profitability. However, to fully benefit from the power of machine learning, manufacturers must rely on software solutions that scale to their factories," said Berk Birand, co-founder and CEO of Fero Labs. "Fero's software predicts problems before anything can go wrong. That means engineers can keep issues from halting production, minimizing not only costs, but also waste and emissions. This recognition by the AI 100 ranking validates our purpose and we're eager to continue pushing the industrial sector forward." Utilizing the CB Insights platform , the research team picked 100 private market vendors from a pool of over 7,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores , market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed thousands of Analyst Briefings submitted by applicants. Unlike black-box machine learning that gives recommendations with no context, Fero Labs' factory optimization software is powered by white-box machine learning that enables manufacturers to stay ahead of ever-changing production conditions. With Fero Labs' intuitive software, engineers can confidently take informed action that gets results without wasting time or resources. Today, Fero Labs is working with leading global manufacturers to deliver better production results in less time, while keeping sustainability top of mind. To learn more about Fero Labs, please visit ferolabs.com . Quick facts on the 2022 AI 100: Equity funding and deals: Since 2017, the 2022 AI 100 cohort has raised $12 billion+ from 650 investors, across 300+ equity deals. Unicorns: There are 16 companies with $1 billion+ valuations on the list. Geographic distributions: Seventy-three of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by five in Canada. Other countries represented in this year's list include India, Sweden, China, and Germany. About CB Insights CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com . About Fero Labs Fero Labs is a factory optimization software that is powering the next wave of industrial manufacturing. Since launching in 2015, Fero Labs has built actionable machine learning for the industrial sector to optimize production, reduce waste, and improve quality. Headquartered in New York, Fero Labs aligns with leading global manufacturers to increase profitability by up to 10% by cutting waste with confidence to increase sustainability and profits across your entire enterprise. For more information, visit www.ferolabs.com . Follow us on LinkedIn . SOURCE Fero Labs

Fero Labs Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Fero Labs Rank

  • When was Fero Labs founded?

    Fero Labs was founded in 2016.

  • Where is Fero Labs's headquarters?

    Fero Labs's headquarters is located at 433 Broadway, New York.

  • What is Fero Labs's latest funding round?

    Fero Labs's latest funding round is Series A.

  • How much did Fero Labs raise?

    Fero Labs raised a total of $13.3M.

  • Who are the investors of Fero Labs?

    Investors of Fero Labs include Deutsche Invest Capital Partners, Innovation Endeavors, Pontalba Capital, Henkel Tech Ventures, Imagine Chemistry Challange and 3 more.

  • Who are Fero Labs's competitors?

    Competitors of Fero Labs include SWIM, DataProphet, ThinkIQ, Kinexon, Foghorn, Uptake, Samsara, AspenTech, Seeq, Falkonry and 25 more.

  • What products does Fero Labs offer?

    Fero Labs's products include Fero Labs software.

  • Who are Fero Labs's customers?

    Customers of Fero Labs include Gerdau, Covestro and Volvo.

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