Industrial AI technology company Fero Labs joins the ranks of Waymo, Nvidia, Duolingo, Figma, and more
New York, March 18, 2025 — Fero Labs is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy.
Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions.
“This recognition from Fast Company truly belongs to our customers and their incredible teams who incorporate Fero Labs technology in their daily work,” said Berk Birand, CEO of Fero Labs. “What makes me proudest is how our AI is enhancing the working lives of the engineers and metallurgists who make the critical decisions that keep their steel and chemical operations moving safely, profitably, and sustainably.
"We’re not replacing human judgment, we’re giving domain experts tools that let them apply their knowledge more effectively and to democratize that knowledge across their workforce to build experts out of novices. Our customers aren’t just making faster, easier decisions; they’re making better ones that protect our environment while maintaining high-quality products that the world relies on. That’s real innovation – when the people who know manufacturing best are empowered to make better decisions that protect both their business and our planet.”
Based out of New York (HQ) and Düsseldorf, Fero Labs provides explainable process optimization software and digital twin capabilities to innovative global steelmakers, chemical, oil and gas companies.
2024 was a pivotal year for the company with the expansion of their industrial-grade AI capabilities to provide powerful root cause diagnostics to fix issues faster, real-time explainable production alerts to prevent new issues, and greater flexibility to their live optimization so production experts can make faster, easier, production decisions using a single platform.
Fero Labs was recognized in 2024 by the World Economic Forum as a Technology Pioneer and Gartner’s Cool Vendor for their continued innovation in explainable industrial AI.
The World’s Most Innovative Companies stands as Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.
“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan.
“This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. At a time when the world is rapidly shifting, these companies are charting the way forward.”
The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25.
Fast Company will host the Most Innovative Companies Summit and Gala for honorees on June 5. The summit features a day of inspiring content, followed by a creative black-tie gala including networking, a seated dinner, and an honoree presentation.
ABOUT FERO LABS
Fero Labs is the Profitable Sustainability Platform where factories make confident production changes that drive profit and sustainability. Using Fero Labs AI, process engineers and metallurgists fix and prevent issues faster, and make better use of raw and recycled materials, production time, and energy consumption. Together we’ll build a sustainable tomorrow. ferolabs.com
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.
