Fundz

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

PRIVATESep 12, 2023

Amount Raised

$30 Million

Round Type

Series B

New YorkOtherInformation TechnologySoftwareArtificial IntelligenceAdministrative ServicesSaasMachine LearningNatural Language Processing

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

19 Dutch Building, 3rd floor

New York, New York, United States

About

DRUID AI (druidai.com) is an end-to-end enterprise-grade AI platform that enables lightning-fast development and deployment of AI agents, knowledge bases, and intelligent apps for teams looking to automate business processes and improve technology ROI. DRUID AI Agents enable personalized, omnichannel, and secure interactions while seamlessly integrating with existing business systems. Since 2018, DRUID AI has been actively pursuing its vision of providing each employee with an intelligent virtual assistant, establishing an extensive partner network of over 200 partners, and servicing more than 300 clients worldwide.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Druid AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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