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INDUSTRY FIRST

Drivenets Secures $262 Million In Series C Funding To Continue Disrupting The Telecommunications And Cloud Infrastructure Industry

Aug 17, 2022•almost 3 years ago

Amount Raised

$262 Million

Round Type

series c

VoipCloud InfrastructureCloud ComputingHardwareEnterprise SoftwareSaasInformation TechnologySoftware

Description

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 Information

Company

DriveNets

Location

Half Mile Road

About

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

Company News

(10 articles)

Mon, 12 May 2025 07:00:00 GMT

KDDI and DriveNets Signed A Strategic Partnership to Accelerate Open Network Architecture - PR Newswire

Wed, 16 Jul 2025 07:00:00 GMT

AT&T buys $650M stake in DriveNets, delivering major payout to founders, employees and early backers - CTech

Thu, 17 Jul 2025 07:00:00 GMT

Comcast Accelerates Virtualization and AI Technologies Throughout the Nation’s Largest and Fastest Network Using DriveNets Network Cloud - Business Wire

Mon, 24 Mar 2025 07:00:00 GMT

Comcast to integrate DriveNets’ technology in a deal worth hundreds of millions - CTech

Wed, 12 Mar 2025 07:00:00 GMT

AT&T Breaks Speed Barriers on Long-Distance Fiber Network - AT&T Newsroom

Tue, 29 Oct 2024 07:00:00 GMT

DriveNets and NESIC Join Forces to Expand Disaggregated, Cloud-Native Networking Solutions in Japan - PR Newswire

Wed, 21 May 2025 07:00:00 GMT

DriveNets extends AI networking fabric with multi-site capabilities for distributed GPU clusters - Network World

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