Druid Secures $30 Million As Part Of Series B Round To Enhance Enterprise Productivity Through Conversational Business Applications And Generative Ai
Amount Raised
$30 Million
Round Type
Series B
CambridgeOtherInformation TechnologySoftwareArtificial IntelligenceAdministrative ServicesMachine LearningNatural Language ProcessingSaaSInvestors
Description
DRUID, a global leader in conversational AI technology, announced today its successful $30 million Series B led by TQ Ventures, with participation from new investors Smedvig Capital, Endeavor, and Verve Ventures, and existing investors GapMinder, Hoxton Ventures and Karma Ventures.
Quick answer
Druid AI raised $30 Million in a Series B round, dated September 12, 2023. Investors: Karma Ventures, Hoxton Ventures, Gap Minder, Verve Ventures, Endeavor, Smedvig Capital and TQ Ventures. Druid AI is based in Cambridge, Massachusetts, United States.
- How much did Druid AI raise?
- Druid AI raised $30 Million in a Series B round on September 12, 2023.
- Who invested in Druid AI?
- Karma Ventures, Hoxton Ventures, Gap Minder, Verve Ventures, Endeavor, Smedvig Capital and TQ Ventures are named as investors in this round.
- What does Druid AI do?
- DRUID AI (druidai.com) is an end-to-end enterprise-grade AI platform that enables lightning-fast development and deployment of AI agents, knowledge bases, and intelligent apps for teams looking to automate business..
- Where is Druid AI based and how big is it?
- Druid AI is based in Cambridge, Massachusetts, United States. Fundz records about 183 employees.
- Who are the decision-makers at Druid AI?
- Fundz holds 1 contact at Druid AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Administrative Services and Natural Language Processing around the same time
Companies in the same sectors as Druid AI that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised $8M (Funding Round) on October 11, 2023.
- Cranium Al raised $25M (Series A) on October 26, 2023.
- LegalMation raised $15M (Funding Round) on October 25, 2023.
- LegalMation raised $15M on October 20, 2023.
- Cranium Al raised $20M on October 16, 2023.
- Aampe raised $7.5M (Funding Round) on October 5, 2023.
Who to call at Druid AI, and when
A new round usually means Druid AI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Druid AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Druid AI, from your own LinkedIn network
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Funding Insights
What this usually meansDruid AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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