DRUID is an European AI Start Up founded in 2018 with experienced Software Engineers.
This is a no-code Conversational AI platform. It allows companies to design and deploy superior experiences for internal and external users by using omnichannel interactions and business process automation.
DRUID is powered by a proprietary NLP/NLU engine. It truly understands human language, advanced analytics, evaluation, and no-code UI tools. It provides a conversational UX layer to any enterprise system for enabling a revolutionary new way of working – the Conversational Business Apps.
Announcement
Druid an European AI startup today announced that it has raised $30 million in a Series B round of funding, as it looks to double down on its U.S. growth which it says now makes up the lion’s share of its revenue.
Company touts its “Conversational Business Applications” that lean on both traditional conversational AI models and fledgling generative AI served by ChatGPT..
A company wants to automate customer support 24/7 when human personnel might be offline or to fill a staff gap, can tap into Druid’s platform to train a conversational assistant for whatever their use-case.
Endeavour
As this is the age of Artificial Intelligence, The Power of Artificial Intelligence : A Comprehensive Guide it is endeavoring to deciding to separate in various ways, maybe most remarkably right now through carrying ChatGPT to the blend.
Originating from a joint effort with Microsoft two or three months back, the company offers clients admittance to more information to deal with more broad client questions.
In addition, the reconciliation likewise supports its capacity to recognize plan in the language utilized by clients.
“By coordinating generative simulated intelligence, the company can take advantage of a tremendous repository of information.
The company can immediately create deals with serious consequences regarding more conventional questions, meaning organizations can offer help without putting endless hours in manual bot-preparing,” Dragan said. Furthermore, this is a central issue worth getting on.
CHAT GPT MODEL
ChatGPT and its kind are not the response to all endeavor issues — they are reciprocal, and not really appropriate to each particular industry situations by goodness of the way that they are based on a universally useful language model.
“Think about it [GPT models] as adding new powers to an all around strong motor,” Dragan proceeded. “A large number of the utilization cases we serve remain fundamentally catered for by our current conversational man-made intelligence devices and the mixes we support.”
As far as sending, Druid can be facilitated on-premises or in the cloud, which is key for organizations looking for full control of every one of their information. What’s more, through APIs, Druid can interface with existing frameworks like client relationship the board (CRM) and HR data frameworks (HRIS).
“Consider Druid a general interpreter that consistently connections to frameworks you as of now have set up,” Dragan said.
DRUID's GROWTH
As of now, Druid had raised around $20 million, including a $15 million Series A last year, and with its most recent money infusion the organization said that it intends to expand its worldwide impression, with a specific spotlight on the U.S. which Dragan says currently is some 60% of today income.
Druid guarantees around 150 workers universally, 66% of which are based at its homegrown center in Bucharest, with others spread across Melbourne (Australia), Austin (U.S.), and London (U.K.). Be that as it may, with its increase in U.S. income, the organization says that it means to move its base camp to Austin before very long.
Druid’s Series B round was driven by New York-based trading company TQ Adventures, with cooperation from a variety of European financial backers including Smedvig Capital, GapMinder, Hoxton Adventures, and Karma Adventures.