Fero Labs
2023 Revenue
$11.6M
Funding
$0
Team
44
Founded
2016
How Fero Labs CEO Berk Birand grew to $11.6M revenue with a 44 person team in 2023.
Fero Labs' core mission is to unlock value for our industrial customers by equipping them with the latest in process optimization technology, powered by explainable machine learning. We are committed to bolstering our customers' profitability by merging their current data with cutting-edge developments in data science. Through our automated machine learning platform, Fero, we enable customers to enhance product and process quality, boost production yield, reduce emissions, and improve asset maintenance. Once implemented, the Fero software is designed to continuously adjust to evolving factory conditions, providing valuable insights across a wide range of industries, including automotive, steel, oil & gas, and chemicals, over numerous applications such as planning, decision-making, and process optimization.
Last updated
Fero Labs Revenue
In 2023, Fero Labs's revenue reached $11.6M. Since its launch in 2016, Fero Labs has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Fero Labs Hit $11.6m revenue in December 2023 | |
| 2016 | Launched with $0 revenue |
Fero Labs Valuation, Funding Rounds
Fero Labs is a bootstrapped AI & Machine Learning Operationalization (MLOps) Software startup. Founded in 2016, Fero Labs has grown to $11.6M in revenue without raising any venture capital or outside funding.
As a self-funded AI & Machine Learning Operationalization (MLOps) Software SaaS company, Fero Labs has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Fero Labs yet.
Fero Labs Employees & Team Size
Fero Labs employs approximately 44 people as of 2026, up from 33 in 2022.
| Year | Milestone |
|---|---|
| 2023 | Reached 44 employees (December 2023) |
| 2022 | Reached 33 employees (December 2022) |
Frequently Asked Questions about Fero Labs
What is Fero Labs's revenue?
Fero Labs generates $11.6M in revenue.
Who founded Fero Labs?
Fero Labs was founded by Berk Birand.
Who is the CEO of Fero Labs?
The CEO of Fero Labs is Berk Birand.
How much funding does Fero Labs have?
Fero Labs raised $0.
How many employees does Fero Labs have?
Fero Labs has 44 employees.
Where is Fero Labs headquarters?
Fero Labs is headquartered in New York, New York, United States.
Compare Fero Labs to the industry
Fero Labs operates across multiple industries. Browse revenue, funding, and growth data for Fero Labs in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
icliniq
Provider of an online doctor consultation platform intended to offer ultimate convenience and premier health care service. The company's online doctor consultation platform provides various channels for contacting doctors such as posting as a health query or booking a slot for real time face-to-face consultation over HD video and phone, enabling users to consult qualified physicians sitting back at home.
Abacum
Abacum is a SaaS that helps finance teams deliver business insights.
PanTerra Networks
Provider of a cloud-based unified enterprise communication platform designed to redefine how enterprises conduct business. The company's platform integrates with all of the existing web applications, adding powerful communications capabilities directly into CRMs and delivers communications, team messaging and file sync and share services in a single easy to use customizable cloud service, enabling enterprises to increase productivity, enhance communications, simplify collaboration and enhance globalization efficiencies.
F6S
Owner and operator of a startup community. The company enables investors, entrepreneurs, startup programs and companies to come together and drive startup growth.
Localyze
Developer of a relocation platform designed to offer international employee relocation services. The company's platform streamlines that process with software that automates some tasks related to immigration, moving and housing processes, connecting international employees to services like banking, insurance, and transportation, enabling international workers to get started in a new country at a less cost.
500apps
500apps is the world's first All-in-One SaaS suite of 39+ apps that cover all areas of business operations. This includes the world’s top 5 CRM, live-chat, leads finder, marketing automation, email service, website builder, conferencing, collaboration, etc. You can also build an app on your own. We have helped over 30,000 businesses grow like the Fortune 500 and with 6 data centers, 12 languages, and a 99.5% global uptime guarantee we are revolutionizing the global workspace. • All-in-One Suite of 39 apps for your entire company • Unbelievable pricing - $14.99/user - no tiers • 24/5 Chat, Phone, and Email Support with daily Onboarding Webinars • 200+ Integrations with the finest software tools in the market • Countless product releases each year via automatic updates
