What does Converge do?
Converge is a technology company that specializes in optimizing concrete usage and production in the construction sector using advanced AI models, proprietary sensor data, and cutting-edge software.
How much did they raise?
The company raised $22M in a funding round led by ABN AMRO Sustainable Impact Fund with participation from Climate Investment, Move Energy, PI Impact, J-Impact, TO Ventures, Force Over Mass Capital, and others.
What are their plans for the money?
Converge plans to use the funds to accelerate its commercial expansion and further develop its AI-powered platform, ConcreteDNA, which aims to decarbonize concrete and promote sustainable construction practices.
What have they achieved so far?
Since its founding in 2014, Converge has made significant strides in integrating AI and sensor technology to optimize concrete production and reduce carbon emissions, establishing a strong foothold in the construction technology sector.
