Bucharest, Romania, May 3, 2022 /PRNewswire/– DRUID, the comprehensive platform for building AI-powered conversational business applications, has announced that it has raised a new round of funding. This new $15 million round will be used to fuel its international expansion, and actively recruit new talent, to support its exponential growth in Europe And in North America. In addition, DRUID will expand its technology leadership by adding new capabilities to its conversational AI offerings and constantly evolving based on the promise of user experience.
The current round was led by Karma Ventures and Hoxton Ventures, joined by GapMinder, which has consolidated its position from the previous round, and four other investors from Germany, Switzerland, Poland and Romania.
As mobility and digital empowerment become omnipresent in people’s daily lives, entire industries are being pushed towards digital transformation to ensure the consumer focus needed for future growth. The new business environment that has emerged over the past couple of years has led to the rapid acceptance and ever-increasing need for intelligent AI-powered virtual assistants. Powered by artificial intelligence, DRUID’s conversational business applications enable companies to improve the user experience of customers and employees. The company provides businesses with unique conversation capabilities and enables intuitive, natural, and contactless digital interactions.
The new round of funding will be used to advance our global reach and ambitious international goals. In line with our vision to provide a virtual assistant to every employee, DRUID is a global leader in AI-powered conversational business applications that help organizations achieve their digital transformation programs. Building on our market-accredited platform, our goal is to enable businesses around the world to use DRUID solutions to build customer loyalty and enhance employee retention in companies of all sizes. We are moving beyond the current typical limitations of conversational solutions to create a new product category, Conversational Business Applications (CBAs), which will enable AI to successfully drive complex processes and help people achieve better business outcomes.” said Liviu Drăgan, CEO of DRUID.
This investment follows another year of rapid growth for DRUID and is intended to pave the way for future progress. DRUID a atteint un taux de croissance de 3,8 fois le revenu annuel récurrent (RAR) fin décembre 2021 par rapport à 2020 et a déjà atteint une croissance de 2,8x à la fin du premiere 2022 par rapport à la rio de même ‘The last year. The new funding will be used to accelerate the company’s international expansion and footprint, and increase the versatility of the platform. Last year, DRUID won a Growth Star award in the Deloitte 2021 CE Technology Fast 50 rating, having the fastest natural growth rate of 6,753%, during the 2018-2020 period. In addition, DRUID was named a “Hot Seller in Conversational AI” in the 2021 Aragon Research Report, an Innovator in Conversational AI from IDC, and a major competitor in the Conversational AI market by Everest Group (Conversational AI – Technology Vendor Landscape with Matrix PEAK ® Products Evaluated 2021 – August 2021).
“DRUID is our first investment in Romania. UiPath has made the world aware of the great potential of the Romanian technology ecosystem and we are delighted to have the opportunity to work with Liviu Drăgan and his team on another fast growing software company»said Kristjan Laannemaa, co-founder of Karma VC.
“At Hoxton, we support European companies that can expand globally. We are excited about DRUID’s growth in the US and are confident that with this new funding, it will become the leader in the conversational business applications category,” announce Hussein Kanjia partner at Hoxton Ventures.
DRUID intends to open new offices in France and in Germany by the end of 2022, consolidating its current presence in the United Kingdom and the United States. Human capital is also an important aspect of achieving the required expansion. So the company intends to make recruitment a strategic priority this year and strengthen its global team by 60%. Early in 2019, DRUID was the first company to give RPA bots a voice, adding conversational skills to the world’s first hyper-automation platform through its international alliance with UiPath, the market leader in robotic business processes. Continuing this journey, DRUID will continue to integrate with leading RPA technology vendors. Strategic communications and a global network of more than 130 partners enable the rapid implementation of DRUID technology in any country. As a partnership-focused organization, DRUID’s goal is to empower its partners and achieve the goal of 1,000 customers served worldwide by 2024.
about the priest
DRUID is an end-to-end platform for building AI-based conversational business applications designed to deliver next-level employee productivity and overall customer experience in the most intuitive way. DRUID’s intelligent virtual assistants enable fast, customized, multi-channel and highly automated interactions while speaking the language of each enterprise via open integrations with all existing enterprise systems and RPA technologies. Started in 2018, DRUID is actively building on its vision of providing every employee with an intelligent virtual assistant, building an extensive network of more than 130 partners, including with UiPath, and serving more than 100 clients worldwide.