Convergence to be Acquired by Salesforce

Deal News | May 15, 2025 | Balderton Capital

Convergence to be Acquired by Salesforce

Convergence, known for its pioneering work in AI agent technology, has signed a definitive agreement to be acquired by Salesforce. Balderton Capital, which led Convergence's seed funding in September 2024, praised the startup's rapid progress in developing state-of-the-art web-browsing models and assembling a talented team. This acquisition will see Convergence join Salesforce's ecosystem, continuing to expand its AI capabilities while remaining a key player in the UK's AI industry. James Wise, a partner at Balderton, noted the exceptional speed and impact of Convergence's growth, emphasizing the firm's commitment to innovation and success.

Sectors

  • Technology
  • Private Equity

Geography

  • United Kingdom – Convergence is based in the UK, and its role in the UK AI ecosystem is highlighted in the article.
  • United States – Salesforce, the acquiring company, is based in the US, indicating cross-Atlantic business dynamics.

Industry

  • Technology – The article focuses on Convergence's AI technology and its acquisition by Salesforce, both significant players in the tech industry.
  • Private Equity – Balderton Capital, a private equity firm, backed Convergence, highlighting the role of investment in tech growth.

Financials

  • Not Disclosed – The financial terms of Salesforce's acquisition of Convergence have not been disclosed.

Participants

NameRoleTypeDescription
ConvergenceTargetCompanyConvergence is a company specializing in AI agent technology being acquired by Salesforce.
SalesforceBidding CompanyCompanySalesforce is acquiring Convergence to enhance their AI capabilities.
Balderton CapitalPrivate Equity FirmCompanyBalderton Capital led the seed investment in Convergence and supports its growth and acquisition by Salesforce.
James WisePartner at Balderton CapitalPersonJames Wise is a partner at Balderton Capital, highlighting the firm's support for Convergence.