About Converge
Converge is a company based in London (United Kingdom) founded in 2014. It operates as a AI-as-a-Service and Product-as-a-Service. Converge has raised $40.8 million across 3 funding rounds from investors including Oil and Gas Climate Initiative, Climate Investment and MassChallenge. The company has 36 employees as of December 31, 2021. Converge offers products and services including ConcreteDNA, Converge Signal, and Mix AI. Converge operates in a competitive market with competitors including Fixposition, JUMO, Soter Technologies, HitSeed and Altered Carbon, among others.
- Headquarter London, United Kingdom
- Employees 36 as on 31 Dec, 2021
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Sectors
TechnologyReal Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Octagon I/O Ltd
- Date of Incorporation 26 Nov, 2014
- Jurisdiction WORCESTER, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$40.8 M (USD)
in 3 rounds
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Latest Funding Round
$22 M (USD), Series B
May 21, 2025
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Investors
Oil and Gas Climate Initiative
& 8 more
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Employee Count
36
as on Dec 31, 2021
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Products & Services of Converge
Converge offers a comprehensive portfolio of products and services, including ConcreteDNA, Converge Signal, and Mix AI.
Concrete strength and temperature are monitored in real-time.
Wireless sensor system monitors concrete strength and temperature.
AI predicts carbon-efficient concrete mixes for contractors.
People of Converge
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Funding Insights of Converge
Converge has successfully raised a total of $40.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Converge
Converge has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Oil and Gas Climate Initiative, Climate Investment and MassChallenge.
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Move Energy is focused on investments in energy transition.
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Capital and expertise are provided by PI Impact for impactful ventures.
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Investor details for Converge
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Investments & Acquisitions by Converge
Investment portfolio details for Converge
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Financial Statements - Converge
Detailed financials for Converge
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Converge Comparisons
Peer comparison for Converge
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Competitors of Converge
Converge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fixposition, JUMO, Soter Technologies, HitSeed and Altered Carbon, among others.
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Positioning services for autonomous vehicles, drones, and robots are provided.
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Electronic manufacturing and engineering services are provided by JUMO.
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Sensor systems for real-time threat detection are manufactured.
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Local intelligence for connected devices is enabled by end-to-end solutions.
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Provider of graphene sensors and data platform
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Detailed competitors of Converge
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Latest news on Converge
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Frequently Asked Questions about Converge
Converge was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Converge is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Converge is a funded company, having raised a total of $40.8M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Converge is 36.
Innovative solutions for the construction industry are provided by Converge, focusing on smart concrete technologies. Real-time monitoring of concrete strength and temperature is enabled through advanced sensors and software like ConcreteDNA. Predictive AI tools for carbon-efficient mix selection are offered alongside precast logistics optimization. The construction sector is targeted, aiming to enhance efficiency, safety, and sustainability. Data management solutions are also automated to reduce waste and errors on construction sites.
Converge's top competitors include Fixposition, JUMO and MintT.
Converge offers ConcreteDNA, Converge Signal, and Mix AI.
Converge has 9 investors. Key investors include Oil and Gas Climate Initiative, Climate Investment, MassChallenge, ABN AMRO, and Move Energy.