Bucharest-based AI-driven conversational business platform that assists companies in delivering their digital transformation agendas, DRUID has raised $15 million to accelerate its growth and expansion across Europe and North America. The startup will also add new capabilities to its conversational AI offering and further develop its user experience.
The round was led by Karma Ventures and Hoxton Ventures, joined by GapMinder and four other investors from Germany, Switzerland, Poland, and Romania.
The new business environment that has emerged over the past two years has resulted in the rapid acceptance and an ever-increasing need for AI-powered intelligent virtual assistants. DRUID's AI-driven conversational business applications allow businesses to enhance the user experience for both customers and employees.
Looking at international expansion, the company plans to open new offices in France and Germany by the end of 2022 and consolidate its existing presence in the U.K. and U.S.
Liviu Drăgan, CEO, DRUID said: “We aim to deliver a virtual assistant for every employee. Our goal is to empower businesses worldwide in using DRUID solutions to secure customer loyalty and boost employee retention for businesses of all sizes. We are going beyond the present typical constraints of conversational solutions to create a new category of products, conversational business applications (CBA), that will enable AI to drive complex processes and help people achieve better business results.”
Kristjan Laannemaa, founding partner, Karma VC added: “DRUID is our first investment in Romania. UiPath has let the whole world know about the great potential of the Romanian tech ecosystem and we are glad that we have an opportunity to work with Liviu Dragan and his team on another fast-growing software company.”
“At Hoxton, we back businesses from Europe that can scale globally. We’re excited by DRUID’s growth in the U.S. and are confident that with this new funding, it will grow into the category leader for CBA,” said Hussein Kanji, partner, Hoxton Ventures.
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