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Druid, a no-code chatbot builder that integrates with ChatGPT, raises $30 million Series B

Sep 12, 2023 - aibeat.co
Bucharest-based AI platform Druid has secured $30 million in a Series B funding round led by TQ Ventures, with participation from Smedvig Capital, Endeavor, Verve Ventures, GapMinder, Hoxton Ventures, and Karma Ventures. The company, which offers a no-code platform for creating chatbots or "Conversational Business Applications", has raised a total of $50 million to date. The platform is used to automate tasks such as sales, order processing, and delivery tracking, and can integrate with existing enterprise systems and Robotic Process Automation technologies.

Druid sets itself apart with its recent integration with ChatGPT, allowing customers to better handle and understand customer questions. The company plans to use the new funding to accelerate its international expansion, particularly in the United States, which currently accounts for over 60% of its revenue.

Key takeaways:

  • Druid, a Bucharest-based conversational AI platform, has raised $30 million in a Series B funding round led by TQ Ventures, bringing its total financing to $50 million.
  • The company's no-code platform allows organizations to create chatbots for automating tasks such as sales, order processing, and customer service.
  • Druid recently integrated with ChatGPT, enabling its customers to handle customer queries more effectively by gaining a better understanding of their intent.
  • The startup plans to use the new funding to accelerate its international expansion, particularly in the United States, where it currently earns over 60 percent of its revenue.
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