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
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
Phone
Undisclosed
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.
Profile
Converge Bio LinkedIn Company Profile
Social Media
Converge Bio Company Twitter Account
Company News
Converge Bio News
Facebook
Converge Bio on Facebook
YouTube
Converge Bio on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Dov Gertz
  Dov Gertz LinkedIn Profile  Dov Gertz Twitter Account  Dov Gertz News  Dov Gertz on Facebook
Chief Scientific Officer
Iddo Weiner
  Iddo Weiner LinkedIn Profile  Iddo Weiner Twitter Account  Iddo Weiner News  Iddo Weiner on Facebook
Chief Technical Officer
Oded Kalev
  Oded Kalev LinkedIn Profile  Oded Kalev Twitter Account  Oded Kalev News  Oded Kalev on Facebook


 

 

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We do our best to document all VC transactions involving tech companies. VC investment data records on this site are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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