When was Converge founded?

Converge was founded in 2014 and raised its 1st funding round 1 year after it was founded.

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 Apr 30, 2026, the latest employee count at Converge is 75.

Is Converge a funded company?

Converge is a funded company, having raised a total of $40.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 22, 2015.

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 3rd amongst 84 active competitors, of which 17 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Converge, which secured $22M in May, 2025.

Who are the top competitors of Converge?

Converge's top competitors include Aqara, RoboSense and Giatec Scientific. Among them, Converge secured the most recent funding round in May, 2025.

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

$40.8M in 3 rounds

Latest Funding Round

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

Post Money Valuation

£***** as on May 25, 2022

Investors

ABN AMRO & 14 more

Ranked

3^rd among 84 active competitors

Employee Count

75 as on Apr 30, 2026

Similar Companies

Aqara & 146 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 $40.8M over 3 rounds. Its first funding round was on Oct 22, 2015. 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:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2025	2741926	Series B	6327008	7685208	8606404	2534018
May 25, 2022	5339393	Series A	1667090	4014909	1111497	OGCI & 1 more
Oct 22, 2015	3030517	Grant (prize money)	2725862	1935289	3722119	MassChallenge

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View details of Converge's funding rounds and investors

The founders of Converge are Raphael Scheps and Gideon F.

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

Raphael Scheps: Co-Founder & CEO of Converge.
Gideon F: Co-Founder & CTO of Converge.

View details of Converge's Founder profiles and Board Members

Converge's employee count trend

Converge has 75 employees as of Apr 26. Here is Converge's employee count trend over the years:

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Top competitors of Converge include Aqara, RoboSense and Giatec Scientific. 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	Aqara 2009, New York City (United States), Series B	Manufacturer of smart devices and automation solutions for residential properties	$156M	CICC, China Telecom Corporation & 6 others	72/100
2nd	RoboSense 2014, Shenzhen (China), Public	Developer of perception solutions, LiDAR sensors, and robotic hand-eye coordination	$45M	SAIC Motor, Cainiao & 20 others	64/100
3rd	Converge 2014, London (United Kingdom), Series B	Provider of concrete monitoring solutions, data management, and AI-powered mix insights	$40.8M	Climate Investment, Cambridge Angels & 13 others	61/100
4th	Giatec Scientific 2010, Ottawa (Canada), Series A	Provider of technology-based concrete testing solutions	$3.76M	BDC, Sustainable Development Technology Canada ... & 4 others	60/100
5th	Fixposition 2017, Schlieren (Switzerland), Seed	Provider of positioning services for multiple applications	$9.35M	True Ventures, Momenta & 11 others	59/100
6th	Maturix 2014, Odense (Denmark), Acquired	SaaS-based provider of monitoring solutions for the concrete curing process	$3.81M	Ml2020, Fundamental & 2 others	50/100
7th	JUMO 1948, Fulda (Germany), Funding Raised	Offers electronic manufacturing and engineering services	-	Europa	46/100
8th	Elop 2013, Oslo (Norway), Funding Raised	Cloud-based concrete inspection solution for construction professionals	-	EIC Fund, Europa	38/100
9th	COMMAND Center 2017, Austin (United States), Unfunded	SaaS-driven concrete temperature and maturity identification system	-	-	38/100
10th	CloudRail 2013, Mannheim (Germany), Acquired	Manufacturer of cables, connectors, and industrial networking and cybersecurity products	$1.31M	Addessum, Foerderdatenbank & 6 others	38/100