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Druid Secures $30 Million As Part Of Series B Round To Enhance Enterprise Productivity Through Conversational Business Applications And Generative Ai

Sep 12, 2023almost 2 years ago

Amount Raised

$30 Million

Round Type

series b

LondonOtherAdministrative ServicesInformation TechnologySoftware

Investors

Karma VenturesHoxton VenturesGap MinderVerve VenturesEndeavorSmedvig CapitalTq Ventures

Description

DRUID, a global leader in conversational AI technology, announced today its successful $30 million Series B led by TQ Ventures, with participation from new investors Smedvig Capital, Endeavor, and Verve Ventures, and existing investors GapMinder, Hoxton Ventures and Karma Ventures.

Company Information

Company

Druid AI

Location

185 ALEWIFE BROOK PARKWAY

London, England, United Kingdom

About

DRUID is an end-to-end platform for building AI-driven conversational business applications, designed to deliver next-level employee productivity and the total customer experience in the most intuitive way. DRUID intelligent virtual assistants enable fast, personalized, omnichannel, and hyper-automated interactions while speaking each organization's language via open integrations with any existing enterprise systems and RPA technologies. Started in 2018, DRUID actively builds on its vision to provide each employee with an intelligent virtual assistant, establishing an extensive 130+ partner network, most notably with UiPath, and servicing 100+ clients from around the world.https://www.druidai.com/

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech