Drivenets Secures $262 Million In Series C Funding To Continue Disrupting The Telecommunications And Cloud Infrastructure Industry
Drivenets Secures $262 Million In Series C Funding To Continue Disrupting The Telecommunications And Cloud Infrastructure Industry
08/17/22, 11:03 AM
Money raised
$262 million
Industry
voip
cloud infrastructure
cloud computing
hardware
enterprise software
saas
information technology
software
Round Type
series c
DriveNets, a leader in cloud-native networking solutions, today announced it has secured $262 million in a Series C venture capital funding round, considerably increasing the company's valuation over its January 2021 Series B round. The funding from this latest round of investment will be used to develop future technology solutions, pursue new business opportunities, and expand the company's global operations and support teams to support growing customer demand.
Company Info
Additional Info
DriveNets is a leader in cloud-native networking software and network disaggregation solutions. Founded in 2015 and based in Israel, DriveNets offers communications service providers (CSPs) and cloud providers a radical new way to build networks, substantially growing their profitability by changing their technological and economic models. DriveNets' solution – Network Cloud – adapts the architectural model of cloud to telco-grade networking. Network Cloud is a cloud-native software that runs over a shared physical infrastructure of standard white-boxes, radically simplifying the network's operations, offering telco-scale performance and elasticity at a much lower cost. Learn more at www.drivenets.com