1 minute read | September.15.2023
DRUID, a global leader in conversational AI technology, has secured $30 million as part of a Series B funding round.
Orrick advised DRUID in the round, its flip from Romania to Delaware and on several other matters since 2021.
TQ Ventures led the funding round, with participation from investors including Smedvig Capital, GapMinder, Hoxton Ventures, Verve Ventures and Karma Ventures.
Founded in Romania in 2018, DRUID’s platform gives enterprises the tools to build and design conversational business applications to provide the most natural employee-customer experience.
DRUID’s AI platform provides a user-friendly conversational layer that brings customers closer to their users and allows multiple channels to streamline the completion of business tasks.
DRUID says it will use the funding to continue to accelerate its international expansion, particularly in the U.S. market, which accounts for 60% of DRUID's revenue.
“Bolstered by our latest investment round and against the backdrop of this technological revolution, we are well positioned and excited to work hard to offer technology solutions that empower our customers to unlock maximum value," said DRUID CEO Liviu Dragan.
Ylan Steiner and Jason Wu led the Orrick team that advised DRUID with the assistance of Sarah Hill, Chelsea Smith and Elizabeth Gavin.