The rest of the amount came from Early Game Ventures and private investors.
DRUID, launched by Liviu Dragan, becomes one of the best-capitalized startups in Romania, with total investments of $5.8 million attracted since its 2018 launch.
Smart virtual assistants use natural language to take charge of virtually any information or document in an organization’s systems.
Available in over 45 languages, DRUID offers hundreds of conversational templates that serve specific roles and processes within any industry.
Recurring DRUID revenues increased by 580% in 2020 compared with 2019, as the market for conversational solutions based on artificial intelligence has an average estimated growth rate of 22% over the next four years, reaching $13.9 billion in 2025, according to a Marketsandmarkets study.
“The new round of financing will be used to launch new conversational automations, to further develop artificial intelligence components, and to 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 Liviu Dragan, CEO of DRUID.
The company has a global partnership with UiPath, the market leader in robotic business process automation (RPA), as well as strategic alliances with EY, PWC, Deloitte, KPMG, and an extensive network of over 50 system integrators and automation solution providers on all continents.
Companies that use DRUID virtual assistants include AXA Group, McDonalds China, Texas Children Hospital US, Saint Gobain UK, Griffith University Australia, Servier Germany, NASDAQ Sweden and Altan Redes Mexico.
“We are driven to invest in technology companies uniquely positioned to grow exponentially. DRUID’s technology is transformational in its ability to provide true conversational solutions assisted by artificial intelligence for internal and external processes on a large variety of verticals, allowing a high level of pre-integrations with many platforms. This new technology is inexpensive and versatile, ultimately enabling massive cost savings and growth stimulators for enterprises that intend to accelerate their digital transformation,” said Dan Mihaescu, Founding Partner of GapMinder VC.