Convergence

Convergence

About Convergence

Simplify's Rating
Why Convergence is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

AI & Machine Learning

Company Size

11-50

Company Stage

Seed

Total Funding

$12M

Headquarters

United Kingdom

Founded

2024

Overview

Company Does Not Provide H1B Sponsorship

🚀
Launched Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for AI agents in enterprise solutions boosts Convergence's market potential.
  • Integration of long-term memory in AI agents is gaining traction in the industry.
  • Convergence's technology aligns with the trend of AI in e-commerce.

What critics are saying

  • Emerging competition from AI agents like OpenAI's Operator challenges Convergence's market position.
  • Performance gaps in AI agents may lead to customer dissatisfaction for Convergence.
  • Lack of a clear 'killer app' could slow adoption of Convergence's technology.

What makes Convergence unique

  • Convergence focuses on personal AI agents with long-term memory capabilities.
  • The company raised $12M in a pre-seed round led by Balderton.
  • Convergence's agents can autonomously navigate websites and complete transactions.

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Funding

Total Funding

$12M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$12M
Convergence

Benefits

Health Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Wellness Program

Meal Benefits

Flexible Work Hours

Company Equity

Commuter Benefits

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
VentureBeat
Feb 22nd, 2025
The Rise Of Browser-Use Agents: Why Convergence’S Proxy Is Beating Openai’S Operator

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. A new wave of AI-powered browser-use agents is emerging, promising to transform how enterprises interact with the web. These agents can autonomously navigate websites, retrieve information, and even complete transactions – but early testing reveals significant gaps between promise and performance.While consumer examples offered by OpenAI’s new browser-use agent Operator, like ordering pizza or buying game tickets, have grabbed headlines, the question is about where the main developer and enterprise use cases are. “The thing that we don’t know is what will be the killer app,” said Sam Witteveen, co-founder of Red Dragon, a company that develops AI agent applications. “My guess is it’s going to be things that just take time on the web that you don’t actually enjoy.” This includes things like going on the web and searching for the cheapest price of a product or booking the best hotel accommodations

The Next Web
Sep 25th, 2024
New UK startup raises $12M for personal AI agents with long-term memory

London-based Convergence comes out of stealth today and has raised $12mn to develop its personal AI agents with long-term memory.

Balderton Capital
Sep 25th, 2024
Convergence raises $12M to build personal AI agents with long-term memory

Balderton led the $12M pre-seed round with participation from salesforce ventures and Shopify ventures.

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