Fero Labs Raises $9 Million In Series A Financing To Bring Explainable Machine Learning To Industrial Manufacturing
Jul 21, 2021•about 4 years ago
Amount Raised
$9 Million
Round Type
series a
Description
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.