Tech Company Financing Transactions
Converge Bio Funding Round
Converge Bio, based in Wilmington, secured $2.5 million in investment from Bill & Melinda Gates Foundation.
Transaction Overview
Company Name
Announced On
6/1/2026
Transaction Type
Debt
Amount
$2,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand its drug modeling platform into crop genomics, build multimodal long-context DNA foundation models, and accelerate breeding timelines for climate-resilient plants.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
108 W. 13th Street 100
Wilmington, DE 19801
USA
Wilmington, DE 19801
USA
Phone
Undisclosed
Website
Email Address
Overview
Converge Bio is on a mission to empower biotech and pharmaceutical companies with Generative AI solutions to discover more effective drugs faster. We train Generative AI models on the core biological languages of DNA, RNA and protein sequences and build around our models experimentally validated solutions any scientist can use. Our ultimate goal is that at any given stage of the drug discovery life cycle, scientists will have a dedicated AI solution to support them. To date, we have rolled out to our customer base systems supporting target discovery, antibody design, protein manufacturing optimization, and biomarker discovery.
Management Team
Title
Name
Email & Social
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