28 Jun Grigorescu and Associates SCA advises DRUID AI on Closing Series A Funding
Bucharest, May, 2022. Grigorescu and Associates SCA, a Romanian boutique Law firm specialized in Corporate and Commercial Law, advised DRUID AI, a leading end-to-end platform for building AI-driven conversational business applications, in their latest $15 million Series A venture capital investment.
Grigorescu and Associates SCA is mainly specialized in Business Law, with a main focus on the technology sector, assisting and advising for corporate clients, both Romanian and international. The law firm offers a wide range of legal services, concentrating mainly on corporate and commercial law, intellectual property, technology, communication and IT and mergers and acquisitions. “The dedication and professionalism of Cristiana Grigorescu’s team were essential to closing this round. We are confident that they will help us in strengthening our global partnerships and in achieving ambitious goals. I am looking forward to reaching new business peaks together.,” said Liviu Drăgan, CEO of DRUID.
This new $15 million round will be used to fuel DRUID international expansion, by actively hiring new talents, to support its accelerated growth across Europe and North America. Furthermore, DRUID will extend its technological leadership by adding new capabilities to its conversational AI offering and constantly evolving on the user experience promise. The current financing round was led by Karma Ventures and Hoxton Ventures, joined by GapMinder, who consolidated its position from the previous round, and four other investors from Germany, Switzerland, Poland, and Romania.
“Working collaboratively with DRUID to accomplish important funding milestones, in the last 4 years has been an incredible journey. We are grateful for the trust and the opportunity offered and we are excited about the next steps in our business relationship.”, said Cristiana Grigorescu, Partner, Grigorescu & Associates, SCA.
About Grigorescu and Associates SCA
Grigorescu and Associates SCA (www.legalsteps.ro) is a practice specializing in commercial and corporate law, acting, in principal, for corporate clients, both Romanian and international. The law office offers a wide range of legal services, concentrating mainly on corporate and commercial law, intellectual property, communication and IT and mergers and acquisitions.
DRUID (www.druidai.com) is an end-to-end platform for building AI-driven conversational business applications, designed to deliver next-level employee productivity and the total customer experience in the most intuitive way. DRUID intelligent virtual assistants enable fast, personalized, omnichannel, and hyper-automated interactions while speaking each organization’s language via open integrations with any existing enterprise systems and RPA technologies. Started in 2018, DRUID actively builds on its vision to provide each employee with an intelligent virtual assistant, establishing an extensive 130+ partner network, most notably with UiPath, and servicing 100+ clients from around the world.