Fero Labs

Assembly Line

Fero Labs Secures $15M to Reduce Manufacturing Emissions with AI

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: Fero Labs, Climate Investment

Fero Labs, an AI-driven manufacturing process optimization software company, today announced the close of a $15 million growth round led by Climate Investment (β€˜CI’, formerly OGCI Climate Investments), with additional participation from investors Blackhorn Ventures, Innovation Endeavors, and DI Technology. This round brings Fero Labs’ total funding to date to $30 million. Fero Labs is unique in the industrial space for using white-box AI, which reveals the reasoning behind its predictions. Unlike the black-box AI popularly seen in tools like ChatGPT, Fero Labs makes it possible for users to know if they can trust the results.

Read more at PR Newswire