Druid, a Romanian startup specialised in developing intelligent virtual assistants (chatbots) for enterprise organisations, announced that it has raised $2.4mn through a series A financing round.
Druid has become one of the best-capitalised startups in Romania, with total investments worth $5.8mn raised since its launch in 2018.
Local venture capital fund GapMinder Ventures led the latest funding round, with an investment of $2.2mn. The rest of the money came from Early Game Ventures and private investors.
"We will use the new round of financing to launch new conversational automations, develop artificial intelligence components further and accelerate international expansion. Druid's ambition is to become the most important conversational AI provider from Europe and to deliver a virtual assistant for every employee. We are incredibly confident and motivated to amaze the whole world with our technology," said Druid founder and CEO Liviu Dragan.
The startup has a global partnership with Romanian-born robotic processing automation (RPA) leader UiPath.
Druid's recurring revenues increased by 580% in 2020 compared to 2019, according to the company, which hasn't released the revenue level.
Available in over 45 languages, Druid offers hundreds of conversational templates that serve specific roles and processes within any industry.