Converge, a London, UK-based technology company which specializes in concrete usage and production for the construction sector, raised $22M in funding.
The round was led by ABN AMRO Sustainable Impact Fund (SIF), with participation from existing investors, including Climate Investment (CI), alongside new investors Move Energy, PI Impact, J-Impact and existing investors TO Ventures, Force Over Mass Capital and others.
Founded in 2014, Converge is a construction technology company that leverages its AI models, proprietary sensor data, and advanced software capabilities to optimize concrete usage and production, reducing carbon emissions.
The company intends to use the funds to accelerate its commercial expansion and the development of its AI-powered technology platform, ConcreteDNA.
FinSMEs
22/05/2025