Converge Funding News- British Startup Converge Raises €19.4 Million To Decarbonise Concrete With AI

This investment round was led by the ABN AMRO Sustainable Impact Fund (SIF) and saw participation from existing investors like Climate Investment (CI), as well as new backers including Move Energy, Pi Impact, J-Impact, TO Ventures, and Force Over Mass Capital.

Raphael Scheps, Converge CEO & Co-founder: “This investment round, led by ABN and supported by a consortium of leading impact investors, will empower Converge to accelerate decarbonisation across the concrete industry. Concrete is the world’s most consumed material and one of the hardest sectors to decarbonise. Converge is driving groundbreaking advancements in generative and predictive AI models for material optimisation to tackle this challenge.

“This new capital raise will enable us to rapidly develop and scale these technologies globally. We’re excited to enter this new chapter in our journey towards building a safer, more efficient, and more sustainable future for concrete.”

Converge's flagship platform, ConcreteDNA, integrates AI-powered predictive models, sensor-based concrete monitoring, and real-time data management to track and simulate concrete performance, optimise mix designs, and minimise inefficiencies.

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Concrete production is responsible for approximately 8% of global CO₂ emissions, primarily due to the energy-intensive process of producing Portland cement.

Converge empowers contractors to make faster, data-driven decisions, reduce embodied carbon, and minimise resource waste—aiming to tackle both inefficiencies and environmental challenges in construction.

Gaetano Giuffrè, SIF Investment Manager added: “Converge is driving concrete efficiency, smarter optimisation, and lower CO₂ emissions in one of the most traditional and high-impact industries. We’re excited to support Raphael, Gideon, and the team on their growth journey as they scale their impact and accelerate the decarbonisation of the built environment.”

About Converge

Converge is a UK-based construction technology company founded in 2014. The company specialises in using artificial intelligence (AI), proprietary sensor data, and advanced software to optimise concrete usage and production, aiming to reduce carbon emissions in the construction industry.