Convergence Raises $12M in Pre-Seed Round

Convergence Raises $12M in Pre-Seed Round

Convergence, a London, UK-based startup developing an advanced AI agent, has raised $12 million in pre-seed funding.

The round was led by Balderton Capital, with participation from Salesforce Ventures and Shopify Ventures.

Balderton Capital is a multistage venture firm with over two decades of experience supporting Europe’s founders from Seed to IPO. The firm has both early and growth funds and invests across the technology sector.

The company will utilize the funding to develop its technology further and enhance the capabilities of its Proxy agents.

Founded by Marvin Purtorab and Andy Toulis, Convergence focuses on developing advanced AI agents designed to automate various workflows across different tasks. The company’s flagship product, called Proxy, aims to create a more generalized AI assistant that can learn and adapt like a human by utilizing a concept known as Long-term Memory through Large Meta Learning Models (LMLM). Currently, the company is in closed beta with testers.

Funding Details

Company: Convergence Labs Limited

Raised: $12.0M

Round: Pre-Seed

Funding Date: September 2024

Lead Investor: Balderton Capital

Additional Investors: Salesforce Ventures, Shopify Ventures

Company Website: https://convergence.ai/

Software Category: AI Assistant