Converge
PrivateLast 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
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Converge Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Converge Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | May 21, 2025 | ||||
| Series A | May 25, 2022 | ||||
| Grant | Oct 22, 2015 |
Key People
Founding team and executive leadership
Converge Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| PI Impact | Series B |
| Climate Investment | Series B, Series A |
| Force Over Mass Capital | Series B, Series A |
| MassChallenge | Grant |
| Move Energy | Series B |
| ABN AMRO Sustainable Impact Fund | Series B |
| To.org Ventures | Series 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.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Converge's valuation, stock price, and market status.