About Convergence
Convergence is a company based in Altrincham (United Kingdom) founded in 2024 by Marvin Purtorab and Andy Toulis was acquired by Salesforce in May 2025.. Convergence has raised $12 million across 1 funding round from investors including Salesforce, Balderton Capital and Salesforce Ventures. Convergence operates in a competitive market with competitors including Sanalabs, Cabinet, zivy.app, Scheduler and Riley, among others.
- Headquarter Altrincham, United Kingdom
- Founders Marvin Purtorab, Andy Toulis
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Convergence Labs Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 1 rounds
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Latest Funding Round
$12 M (USD), Seed
Sep 26, 2024
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Investors
Salesforce
& 3 more
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Employee Count
Employee Count
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Acquired by
Salesforce
(May 15, 2025)
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Funding Insights of Convergence
Convergence has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Seed round of $12 million completed in September 2024. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $12.0M
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First Round
First Round
(26 Sep 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - Convergence | Valuation | Balderton Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convergence
Convergence has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Salesforce, Balderton Capital and Salesforce Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Venture capital is provided to technology-driven entrepreneurs by Shopify Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Convergence
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Convergence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convergence Comparisons
Competitors of Convergence
Convergence 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 Sanalabs, Cabinet, zivy.app, Scheduler and Riley, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI interfaced collaborative learning and knowledge management platform for enterprises
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| domain | founded_year | HQ Location |
Software is offered for executive assistants' task tracking and scheduling.
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| domain | founded_year | HQ Location |
Enterprise collaboration solutions including task management are provided.
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| domain | founded_year | HQ Location |
Appointment scheduling is enabled by a cloud and AI platform.
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| domain | founded_year | HQ Location |
AI-based personal assistant is offered for professional relationship management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Convergence
Frequently Asked Questions about Convergence
When was Convergence founded?
Convergence was founded in 2024.
Where is Convergence located?
Convergence is headquartered in Altrincham, United Kingdom. It is registered at Altrincham, Greater Manchester, United Kingdom.
Who is the current CEO of Convergence?
Marvin Purtorab is the current CEO of Convergence. They have also founded this company.
Is Convergence a funded company?
Convergence is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Seed of $12M, raised on Sep 26, 2024.
What does Convergence do?
Convergence was founded in 2024 in Altrincham, United Kingdom, within the AI sector. A platform is operated to create personal AI assistants via proxy agents that learn user tasks and automate processes. Long-term memory is utilized for retaining past interactions and enabling improvements in assistance. Autonomous execution of tasks is supported, alongside features such as adaptation, personalization, and memory retention.
Who are the top competitors of Convergence?
Who are Convergence's investors?
Convergence has 4 investors. Key investors include Salesforce, Balderton Capital, Salesforce Ventures, and Shopify Ventures.
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