DriveNets raises $410 million in Series D funding, leading to a valuation of $8.5 billion. The investment, led by Bessemer Venture Partners and Atreides Management, will expand its AI infrastructure business.
D1 Capital PartnersPitangoAmdRed Dot Capital PartnersBessemer Venture PartnersAtreides Management
Description
Communications company DriveNets has raised $410 million in a fourth funding round at a valuation of $8.5 billion. The new investment will support the expansion of DriveNets’ AI infrastructure business and increase platform capacity. It aims to meet growing demand expected in 2026 and 2027. DriveNets is also exploring a potential secondary transaction later this year.
Company Information
Company
DriveNets
Location
Half Mile Road
Ra'anana, Center District, Israel
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
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Ra'ananaInformation TechnologyHardwareSoftwareSaasEnterprise SoftwareCloud InfrastructureVoipCloud Computinginformation technology & services