Converge

Converge

Private
LondonFrontier & Industrial Techhttps://www.converge.io/

Last Round

Series B

May 21, 2025

Total Funding Raised

$40.74M

Company Overview

Converge is a construction technology company that provides AI and cloud-based technologies, powered by wireless sensors, to digitize and decarbonize construction.

Sector

Frontier & Industrial Tech

Verticals

Construction Tech, IoT Hardware, Vertical SaaS, Green Building

Business Model

B2B

Customer Profile

Hardware + Subscription, Subscription SaaS, Hardware Sales, Services & Consulting

AI Layer

Application

Keywords

concrete monitoringconstruction techcontechconstruction AIconcrete strength monitoringwireless sensorspredictive analyticsIoT hardwareconcrete mix optimizationconstruction SaaSproptechjobsite intelligencesustainable constructionembodied carbon reductiongreen building

Historical Pricing

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Converge Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Converge Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BMay 21, 2025
Series AMay 25, 2022
GrantOct 22, 2015

Key People

Founding team and executive leadership

Maria Alvarez Garcia

EA To The CEO And CTO (Startup Generalist)

Executive Team

Raphael Scheps

Co-Founder And CEO

Founding Team

John Patterson

CFO

Executive Team

Converge Investors

Notable investors and investment history

InvestorRounds
PI ImpactSeries B
Climate InvestmentSeries B, Series A
Force Over Mass CapitalSeries B, Series A
MassChallengeGrant
Move EnergySeries B
ABN AMRO Sustainable Impact FundSeries B
To.org VenturesSeries B, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 21, 2025

    $22M round led by ABN AMRO Sustainable Impact Fund.

  • Nov 27, 2024

    Monthly visitors increased 31% MoM, reaching 47K.

Converge Filings

SEC and related filings with document metadata.

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Converge Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersLondon
Employee Range71
Year Founded2014
Last FundingMay 21, 2025

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