About Fero Labs
Fero Labs is a company based in New York (United States) founded in 2015 by Alp Kucukelbir and Berk Birand.. Fero Labs has raised $25.6 million across 6 funding rounds from investors including Plug and Play Tech Center, Blackhorn Ventures and Innovation Endeavors. Fero Labs offers products and services including Fero Labs AI Platform and Process Optimization Tool. Fero Labs operates in a competitive market with competitors including Seeq, FogHorn, WakeCap, Sight Machine and OpenDataSoft, among others.
- Headquarter New York, United States
- Founders Alp Kucukelbir, Berk Birand
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Fero Labs Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.6 M (USD)
in 6 rounds
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Latest Funding Round
$15 M (USD), Series B
Jun 21, 2023
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Investors
Plug and Play Tech Center
& 8 more
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Employee Count
Employee Count
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Products & Services of Fero Labs
Fero Labs offers a comprehensive portfolio of products and services, including Fero Labs AI Platform and Process Optimization Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for detecting and fixing industrial production issues faster
Platform to reduce costs and emissions in manufacturing processes
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Funding Insights of Fero Labs
Fero Labs has successfully raised a total of $25.6M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $15.0M
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First Round
First Round
(10 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Fero Labs | Valuation | Climate Investment | |
| Jul, 2021 | Amount | Series A - Fero Labs | Valuation | Innovation Endeavors | |
| Jul, 2020 | Amount | Debt – Conventional - Fero Labs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fero Labs
Fero Labs has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Plug and Play Tech Center, Blackhorn Ventures and Innovation Endeavors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech and offline focused VC firm investing in geographies such as the US
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Early-stage technology investments are targeted by this venture capital firm.
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Corporate venture capital arm of Henkel, funding innovative startups.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fero Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fero Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fero Labs Comparisons
Competitors of Fero Labs
Fero Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Seeq, FogHorn, WakeCap, Sight Machine and OpenDataSoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Industrial process data is analyzed through advanced analytics solutions.
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An edge AI platform for analytics solutions is offered.
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Cloud-based workforce management solutions are delivered for multi-industry applications.
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| domain | founded_year | HQ Location |
Provider of a digital twin platform for manufacturing apllications
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| domain | founded_year | HQ Location |
Cloud-based platform for civic engagement and data management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fero Labs
Frequently Asked Questions about Fero Labs
When was Fero Labs founded?
Fero Labs was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Fero Labs located?
Fero Labs is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Fero Labs?
Berk Birand is the current CEO of Fero Labs. They have also founded this company.
Is Fero Labs a funded company?
Fero Labs is a funded company, having raised a total of $25.6M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.71M, raised on Jun 10, 2017.
What does Fero Labs do?
Fero Labs was founded in 2015 in New York, United States, as a developer of machine learning-based analytics platforms. Operations focus on sectors such as chemicals, manufacturing, consumer packaged goods, and oil. The platform is utilized by factory owners to analyze plant-generated data, construct virtual process replicas, optimize production and energy usage, and predict equipment failures through machine learning insights.
Who are the top competitors of Fero Labs?
Fero Labs's top competitors include Seeq, Sight Machine and WakeCap.
What products or services does Fero Labs offer?
Fero Labs offers Fero Labs AI Platform and Process Optimization Tool.
Who are Fero Labs's investors?
Fero Labs has 9 investors. Key investors include Plug and Play Tech Center, Blackhorn Ventures, Innovation Endeavors, DI Technology, and Climate Investment.