Convergence to be Acquired by Salesforce in AI Expansion
Deal News | May 15, 2025 | Balderton Capital
Convergence, a company recognized for its advancements in AI agent technology, has finalized an agreement to be acquired by Salesforce. Supported by Balderton Capital, who led its seed investment just nine months prior, Convergence has rapidly advanced in the development of reinforcement learning technologies. This acquisition will enhance Salesforce's capabilities in automating tasks and complement its AI ecosystem. James Wise from Balderton praised the swift growth and impactful advancements made by Convergence, emphasizing the alignment with Balderton's philosophy of transformative entrepreneurship.
Sectors
- Artificial Intelligence
- Venture Capital
Geography
- United Kingdom – Convergence is based in the UK and will remain part of its AI ecosystem post-acquisition.
- United States – Salesforce, the acquiring company, is based in the United States.
Industry
- Artificial Intelligence – The article revolves around Convergence, a pioneer in AI agent technology, which is central to its acquisition by Salesforce.
- Venture Capital – Balderton Capital, a venture capital firm, played a significant role by leading the seed investment in Convergence.
Financials
- Undisclosed – The financial details of the acquisition agreement between Convergence and Salesforce have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Convergence | Target Company | Company | A pioneer in AI agent technology, focused on automating tasks through reinforcement learning. |
| Salesforce | Bidding Company | Company | A leading global customer relationship management platform expanding its AI capabilities. |
| Balderton Capital | Investor | Company | A venture capital firm that led Convergence's seed investment. |
| James Wise | Partner at Balderton Capital | Person | Provided insights on Convergence's growth and integration with Salesforce. |
| Marvin | Co-founder of Convergence | Person | Key figure in steering Convergence's development and strategy. |
| Andy | Co-founder of Convergence | Person | Key figure in steering Convergence's development and strategy. |