Romanian Druid AI, offering AI-powered intelligent virtual assistants, is reportedly preparing to secure a new financing round of around $50 million (€45.92 million), bringing its valuation to approximately $300 million (€276 million), according to market sources cited by ZF.*
The investment is expected to be led by Cipio Partners, which previously took part in a $60 million funding round for Fintech OS, another Romanian-founded company that has grown internationally.
The round is set to close in a few weeks, possibly by the end of April, as a Series C investment round.
Conversational AI innovator
The company was founded in 2018 by Andreea Plesea, Daniel Balaceanu, Bogdan Pietroiu, Bogdan Grigorescu, and Liviu Drăgan. DRUID AI is focusing on specializing in conversational AI solutions. It develops AI-powered virtual assistants designed to enhance business communication and automate processes across various industries. The company’s platform integrates with enterprise systems like CRM, ERP, and HR tools.
DRUID AI has maintained its rapid growth trajectory, ending 2024 with an ARR of $20 million, according to our sources, compared to 2023 with an ARR of $13 million. Some of their clients include Georgia Southern University, Texas Children’s Hospital, and White Castle.
In 2023, DRUID AI announced the completion of a €27.55 million Series B funding round. The round was led by TQ Ventures and included new investors such as Smedvig Capital, Endeavor, and Verve Ventures. Existing investors GapMinder, Hoxton Ventures, and Karma Ventures also contributed, continuing their support for DRUID.
In 2022, DRUID AI raised €14 million Series A round to help the company scale its solution internationally in Europe and North America.
*The Recursive will continue to follow the story until the round is officially confirmed.
