Climate Investment led a $15m round in Fero Labs.

Climate Investment, an investment company, led a $15m round in Fero Labs, a manufacturing process optimization software company, with participation from Blackhorn Ventures, Innovation Endeavors, and DI Technology. "We are pleased to announce our latest funding as we continue to build our white-box AI technology to make factories greener. The industrial sector is notoriously hard to decarbonize, and hardware solutions like carbon capture and storage come with a hefty price tag and daunting implementation process. White-box AI software requires no capital expenditure and can be quickly implemented. This means companies can immediately start reducing emissions and quantify emissions reduction more accurately with easy-to-understand dashboards and reports. Tangible proof of impact is a crucial part of the sustainability journey. The participating investors are the perfect long-term partners for us to bring on as we continue to work toward hitting our sustainability goals," Berk Birand, Fero Labs Co-Founder and CEO.