ABN AMRO Sustainable Impact Fund (SIF) has led a £16m investment round in Converge, a UK-based leader in AI-powered concrete management and decarbonisation technologies. The round included participation from existing investors, including Climate Investment (CI), a specialist decarbonization investor, alongside new investors Move Energy, PI Impact, J-Impact and existing investors TO Ventures, Force Over Mass Capital and others.
This strategic investment will enable Converge to accelerate its commercial expansion and the development of its AI-powered technology platform, ConcreteDNA, supporting the shared mission of decarbonizing concrete.
Concrete production accounts for approximately 8% of global CO₂ emissions, making it a key focus for decarbonization. Converge has been at the forefront of integrating advanced technologies into the construction industry. With a global presence, its flagship platform, ConcreteDNA, offers a suite of solutions for generative and predictive AI mix insights, real-time concrete monitoring and data management. These innovations empower contractors to make faster, data-driven decisions, reduce embodied carbon, and minimize resource waste – tackling both inefficiencies and environmental challenges in construction.
This investment marks a shared commitment by the investors and Converge to accelerate the adoption of smart, low-carbon technologies across the construction industry, helping to create a more sustainable and efficient built environment.