Romanian virtual assistants maker DRUID raises $30M in a Series B round

DRUID, provider of a conversational AI technology, has announced its $30 million Series B round led by TQ Ventures, with participation from new investors. The funding will be used to continue accelerating DRUID’s international expansion.

  • DRUID provides an end-to-end platform for building, deploying, and scaling AI-driven conversational business applications, designed to deliver better employee productivity and the total customer experience. Since launching in 2018, DRUID established more than 160 partner networks and servicing over 200 clients.
  • Kmart, Liberty Global, Texas Children’s Hospital, White Castle, NHS, Auchan, Georgia Southern University, Société Générale, Erste Group, BNP Paribas, Axa, have already integrated DRUID’s platform. Recently DRUID’s partnered with ChatGPT, via Microsoft’s Azure OpenAI Service, to make its solution enterprise-ready and secure.

“We believe our platform will, for large international enterprises, ignite a new era of productivity and tangible business outcomes. Bolstered by our latest investment round and against the backdrop of this technological revolution, we are well positioned and excited to work hard to offer technology solutions that empower our customers to unlock maximum value,”

Liviu Drăgan, CEO and founder of DRUID, added.
  • The fresh round was led TQ Ventures, a venture capital firm based in New York City. Founded in 2018, the firm is generally agnostic on industry and geography.
  • New investors Smedvig Capital, Endeavor, and Verve Ventures, and existing investors GapMinder, Hoxton Ventures and Karma Ventures also joined the investment.
  • DRUID will use the investment to continue its international expansion, particularly its footprint in the US market, which already accounts for 60% of DRUID’s current revenue.