Converge.io
Builds wireless sensor networks for the industrial IoT.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $24.8m | Late VC | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 19 % | 8 % | 26 % | 6 % | 94 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Converge.io is a technology company that digitizes and optimizes the construction industry through AI and cloud-based solutions powered by smart wireless sensors. The company serves construction firms looking to enhance efficiency, safety, and sustainability in their projects. Operating in the construction technology market, Converge.io's business model revolves around selling and deploying their proprietary sensor systems and software solutions. These systems provide real-time data on concrete temperature and compressive strength, enabling faster and more accurate construction cycles. Revenue is generated through the sale of hardware, software subscriptions, and data analytics services. The company's innovative approach has led to significant time and cost savings for its clients, as evidenced by reduced construction cycles and improved project outcomes.
Keywords: AI, construction, optimization, wireless sensors, real-time data, concrete strength, temperature monitoring, cloud-based, efficiency, sustainability.