Henkel Invests in Machine Learning Software Start-Up Fero Labs
Henkel will support Fero Labs to grow its existing customer base while leveraging the potential of Industry 4.0 applications in its own production sites.
Henkel recently announced that it has participated in the latest funding round of Fero Labs, a U.S.-based start-up aiming to optimize industrial processes by using explainable machine learning. The investment is led by the company’s HenkelX Ventures unit, together with DIVC, a Munich-based B2B tech investor. Henkel will support Fero Labs to grow its existing customer base while leveraging the potential of Industry 4.0 applications in its own production sites, as well as in joint business development with clients and suppliers.
“Fero Labs’ software offers a great opportunity to further analyze and optimize production processes on various levels and has already proven its potential: explainable machine learning can contribute to better planning, sourcing and production,” said Rahmyn Kress, Ph.D., global head of HenkelX Ventures. “We are looking forward to partnering with the Fero Labs team to jointly drive the further digital transformation of industrial manufacturing processes—within Henkel and beyond.”