Fero Labs: Raises $9M in Series A Funding

Fero Labs Raises $9M in Series A Funding

• Fero Labs, a New York-based provide rof Explainable Machine Learning software dedicated to the industrial sector, raised $9M in Series A funding
• The round was led by Innovation Endeavors with participation from Deutsche Invest VC
• The company intends to use the funds to expands its sustainable solutions
• The company provides explainable machine learning software for industrial process optimization
• Plant experts use FeroLabs to automatically generate explainable ML models that take into account key process parameters and variations
• These models can be deployed in real-time to ensure that the plant operates at peak performance by continuously adjusting to the process and market changes