DRUID, a London, UK-based AI startup that provides an end-to-end platform for AI-driven conversational business applications, secured $30 million in Series B funding.
SaaS Investors
The round was led by TQ Ventures, with participation from new investors such as Smedvig Capital, Endeavor, and Verve Ventures, along with existing investors GapMinder, Hoxton Ventures, and Karma Ventures.
Founded in 2018, TQ Ventures is an investment firm that focuses on early-stage and growth-stage companies.
DRUID Use of Funds
The funding will be primarily used to accelerate DRUID's international expansion efforts, with a particular focus on expanding its presence in the US market, which already accounts for 60% of DRUID’s current revenue.
About DRUID
DRUID is an end-to-end platform for building, deploying, and scaling AI-driven Conversational Business Applications, designed to deliver next-level employee productivity and the total customer experience in the most intuitive way. DRUID's platform empowers enterprises to build and design Conversational Business Applications (CBA), enabling a natural and seamless interaction between employees and customers. In addition, 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. DRUID recently integrated with ChatGPT via Microsoft's Azure OpenAI Service.
Funding Details
Company: DRUID SA
Raised: $30.0M
Round: Series B
Funding Month: September 2023
Lead Investors: TQ Ventures
Additional Investors:
Company Website: https://www.druidai.com/
Software Category: Conversational AI Software
Source: https://www.druidai.com/chatbots-in-the-press/druid-ai-financing-round-30million-series-b