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DRUID Powers Expansion Through $15 Million Series A Funding

Artificial Intelligence (AI) , Machine Learning (ML), Natural Language Processing (NLP), Deep Learning (DL), AI Model, AI-powered Solutions, Digital Transformation, ML Model, Natural Language Understanding (NLU), AI News, Artificial Intelligence News
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An end-to-end platform building artificial intelligence (AI)-driven conversational business application, DRUID, has acquired a new investment. DRUID aims to enhance its international expansion by recruiting more employees to accelerate growth in North America and Europe. DRUID will also build on its technology superiority by bringing new capabilities to its conversational AI offering and continuing to improve on its user experience promise. Karma Ventures and Hoxton Ventures led this funding round in which GapMinder has also joined along with four other firms from Germany, Switzerland, Poland, and Romania.

Liviu Drăgan, CEO of DRUID commented, “The fresh round of funding will be used to strengthen our global reach and ambitious international goals. Following our vision to deliver a virtual assistant for every employee, DRUID is a global leader in AI-driven conversational business applications that assist organizations in delivering their digital transformation agendas. Leveraging our market-validated platform, 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 successfully drive complex processes and help people achieve better business results.”

As industries started moving towards digital transformation, the need for AI-powered virtual assistants has also increased along with this. Customer experience and employee experience can be enhanced using the AI-driven conversational business application of DRUID which will helps businesses. DRUID promotes intuitive, natural, and seamless digital engagements for businesses by providing them with unique conversational capabilities.

Kristjan Laannemaa, Founding Partner, Karma VC, stated, “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.”

By the end of 2022, DRUID is planning to open new offices in France and Germany along with consolidating its presence in UK and US. Apart from that, DRUID also aims to acquire leading robotic process automation (RPA) vendors to expand capabilities and fuel their journey.

Hussein Kanji, the partner at Hoxton Ventures, said, “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 Conversational Business Applications.”

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