DriveNets

High scale networking

General Information
Company Name
DriveNets
Founded Year
2015
Location (Offices)
Israel +3
Founders / Decision Makers
Number of Employees
351
Industries
Cloud Infrastructure, Hardware
Funding Stage
Series C
Social Media

DriveNets - Company Profile

DriveNets, a rapidly growing software company, offers innovative networking solutions for service providers and hyperscalers. It has developed DriveNets Network Cloud and DriveNets Network Cloud-AI, applying a cloud architectural approach to high-scale networking, combining the scalability of standard Ethernet Clos architecture with the high performance and reliability of service provider networking. Founded by Ido Susan and Hillel Kobrinsky, DriveNets Network Cloud is a leading open disaggregated networking solution based on cloud-native software running over standard white boxes. The company has seen success, raising a total of $587 million over three funding rounds. It has gained traction with over 100 Tier-1 operators and cloud providers globally, with significant deployments and trials at leading companies such as AT&T. In fact, DriveNets is currently transporting over 52% of AT&T’s core network traffic. The recent $262.00M Series C investment led by Bessemer Venture Partners, D1 Capital Partners, Pitango Venture Capital, Atreides Capital, D2 Investments, and Harel Insurance and Financial serves as a testament to the company's potential. With its strong foothold in the Cloud Infrastructure industry and headquarters in Israel, DriveNets demonstrates substantial promise for continued growth and impact in the global networking market.

Taxonomy: Networking Infrastructure, Cloud Architecture, Service Providers, Hyperscalers, Disaggregated Networking, Open Networking, Telco, Funding Rounds, Global Deployment, Core Network Traffic, Tier-1 Operators, Cloud Providers, Proof-of-Concept Trials, Lab Trials

Funding Rounds & Investors of DriveNets (4)

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Funding Stage Amount No. Investors Investors Date
Series C $262.00M 6 Harel Insurance and Financial 17 Aug 2022
Series B $208.00M 4 27 Jan 2021
Series A $7.00M - 08 Jul 2019
Series A $110.00M - 14 Feb 2019

Latest News of DriveNets

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No recent news or press coverage available for DriveNets.

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