Where is Converge located?

Converge is headquartered in London, United Kingdom.

Which legal entities is Converge associated with?

Converge is associated with OCTAGON I/O LTD.

How many employees does Converge have?

As of Jul 31, 2026, the latest employee count at Converge is 74.

Is Converge a funded company?

Converge is a funded company, having raised a total of $41.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round.

How much is Converge worth?

The latest valuation of Converge is £***** as of May 25, 2022.

When was the latest funding round of Converge?

Converge's latest funding was a $***** Series B round on May 21, 2025, with participation from 7 investors.

Where does Converge rank among its competitors?

Converge ranks 4th amongst 45 active competitors, of which 12 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was GREENVIBE, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Converge?

Converge's top competitors include Brickeye, Giatec Scientific and GScan. Among them, GREENVIBE secured the most recent funding round in July, 2026.

Converge - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of concrete monitoring solutions, data management, and AI-powered mix insights. The company offers sensors for real-time strength and temperature monitoring. It automates concrete data collection, reducing waste and human error. Predictive and generative artificial intelligence delivers insights for mix selection, optimisation, and design.

Website: www.converge.io/
Social
Email ID: *****@converge.io
Phone Number: +44 **********

Key Metrics

Founded Year

2014

Location

London, United Kingdom

Stage

Series B

Total Funding

$41.1M in 4 rounds

Latest Funding Round

Series B, May 21, 2025, $*****

Post Money Valuation

£***** as on May 25, 2022

Investors

ABN AMRO & 14 more

Ranked

4^th among 45 active competitors

Employee Count

74 as on Jul 31, 2026

Similar Companies

Worldsensing & 89 more

View Converge's full profile

Converge is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OCTAGON I/O LTD CIN: 9329199 , United Kingdom, Active	Nov 25, 2014	-	39 (As on Dec 31, 2024)

Converge has raised a total funding of $41.1M over 4 rounds. Its latest funding round was a Series B round on May 21, 2025 for $*****. 7 investors participated in its latest round. Converge has 15 institutional investors.

Here is the list of recent funding rounds of Converge:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2025	1599674	Series B	7357393	9375619	7446890	7225421
May 25, 2022	8134273	Series A	1775275	7531441	4093375	OGCI & 1 more
Oct 22, 2015	5567080	Grant (prize money)	2364382	4465806	4220649	MassChallenge

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View details of Converge's funding rounds and investors

The founders of Converge is Raphael Scheps.

Here are the details of Converge's key team members:

Raphael Scheps: Co-Founder & CEO of Converge.

View details of Converge's Founder profiles and Board Members

Converge's employee count trend

Converge has 74 employees as of Jul 26. Here is Converge's employee count trend over the years:

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Top competitors of Converge include Brickeye, Giatec Scientific and GScan. Here is the list of Top 10 competitors of Converge, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brickeye 2013, Toronto (Canada), Acquired	Provider of construction risk mitigation platform integrating IoT and data analytics	$20M	GreenSky, Beauchampco & 7 others	62/100
2nd	Giatec Scientific 2010, Ottawa (Canada), Series A	Provider of technology-based concrete testing solutions	$3.76M	BDC, Sustainable Development Technology Canada ... & 4 others	61/100
3rd	GScan 2018, Tallinn (Estonia), Seed	Provider of solutions for advanced scanning and tomography services	$5.34M	Amalfi Capital Management, Enterprise Estonia ... & 34 others	56/100
4th	Converge 2014, London (United Kingdom), Series B	Provider of concrete monitoring solutions, data management, and AI-powered mix insights	$41.1M	Climate Investment, Martlet Capital & 13 others	49/100
5th	Maturix 2014, Odense (Denmark), Acquired	SaaS-based provider of monitoring solutions for the concrete curing process	$3.81M	Ml2020, Fundamental & 2 others	47/100
6th	GREENVIBE 2019, Be er Sheva (Israel), Seed	Provider of cloud-based IoT sensors for the construction industry	$12M	Incubit Technology Ventures	41/100
7th	Elop 2013, Oslo (Norway), Funding Raised	Cloud-based concrete inspection solution for construction professionals	-	EIC Fund, Europa	38/100
8th	COMMAND Center 2017, Austin (United States), Unfunded	SaaS-driven concrete temperature and maturity identification system	-	-	38/100
9th	Villari 2019, Delft (Netherlands), Seed	Provider of concrete structure monitoring sensors	$3.09M	FORWARD.one, UNIIQ & 2 others	36/100
10th	Duramon 2021, Zurich (Switzerland), Seed	SaaS-driven structural analysis solution for construction professionals	$2.91M	QBIT Capital, Serpentine Ventures & 2 others	36/100