Druid Software gets $20M investment for growthDruid Software gets $20M investment for growth

Druid Software, the leading provider of cellular network software platforms for enterprise and industrial applications, has secured $20M in strategic growth capital to help the company expand into critical verticals such as Defense, Shipping and Utilities. The funding was co-led by leading national security venture capital fund, J2 Ventures as well as HICO, a preeminent maritime-focused investment group with significant participation from industry experts Arthur Patterson, the co-founder of Accel Partners, and serial telecom founder, John Georges.

Druid is both profitable and growing rapidly. It was founded 24 years ago by telecommunications veteran Liam Kenny in Bray, Ireland, the company now operates with offices in the U.S. and in mission-critical deployments in over 35 countries and some of the most advanced enterprises in the world in healthcare, ports, manufacturing, warehouse and logistics, government, defence and Non-Terrestrial Networks.

Druid has benefited as advances in handheld computing, IoT and connected equipment are growing exponentially with the demand for AI, but cellular technology to enable this connectivity has struggled to keep pace. There are very few independent companies that have the expertise to provide the infrastructure for the next generation of connected devices, and many of those rely on Druid to power their solutions.

Druid's solutions are designed to address the challenges faced by enterprises in maintaining reliable and secure mobile communications, especially in environments where traditional systems may not suffice. Druid's RAEMIS technology platform also allows customers to create multiple distinct network zones with varying levels of speed and bandwidth. These zones allow customers to dynamically adjust the prioritization of critical applications and communications while efficiently reducing resources for less critical services- a space that has grown exponentially in the last four years.

Read the full press release here.

Druid