Converge, a UK-based construction technology company focused on improving the efficiency of concrete usage and production, has raised $22 million in a funding round.
The investment was led by ABN AMRO’s Sustainable Impact Fund, with additional support from both existing and new investors. Participants included Climate Investment, Move Energy, PI Impact, J-Impact, TO Ventures, and Force Over Mass Capital.
The company applies artificial intelligence, proprietary sensor technology, and software tools to help the construction industry reduce material waste and lower carbon emissions associated with concrete.
Converge plans to use the capital to support the growth of its commercial operations and further develop its core platform, ConcreteDNA. The platform enables real-time optimization of concrete performance, contributing to both cost savings and environmental targets.
The funding positions Converge to expand its technology offering and partnerships in the coming year.
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By Proptechbuzz
By Ravi Kumar
