British startup Converge, an innovator of AI-powered concrete management and decarbonisation technologies, announced they have raised a €19.4 million investment round to further develop their ConcreteDNA platform.
The funding round was led by ABN AMRO Sustainable Impact Fund (SIF) and included participation from existing investors, such as Climate Investment (CI), alongside new investors Move Energy, Pi Impact, J-Impact and existing investors TO Ventures, Force Over Mass Capital and others.
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.”
Founded in 2014, Converge is a construction technology company that leverages its AI models, proprietary sensor data, and advanced software capabilities to optimise concrete usage and production, reportedly reducing carbon emissions. The company’s mission is to help the construction sector build a net-zero future more efficiently through AI, sensors, and data.
ConcreteDNA, Converge’s flagship platform, 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.
According to Converge, concrete production accounts for approximately 8% of global CO₂ emissions, making it a key focus for decarbonisation. 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.”