DriveNets

Company Overview

Snapshot

Founded in December 2015 by Ido Susan and Hillel Kobrinsky, DriveNets operates with 201–500 employees. The company has raised a total of $997 million across 6 funding rounds from 16 investors. In June 2026, DriveNets secured a Series D financing round, reaching a $1 billion valuation.

Business overview

DriveNets is a software company that provides cloud-native networking solutions, enabling communications service providers and cloud providers to build networks more efficiently. Its core technology, DriveNets Network Cloud, supports the virtualization of network and compute resources, running on standard white-box hardware to scale network capacity. This disaggregated network model allows physical infrastructure to operate as a shared resource for multiple networks and services, facilitating faster service innovation at the network edge. The company primarily serves the telecommunications and cloud industries, operating within the Business Software sector, specifically focusing on IT & Network Management and Data Architecture.

Strategic signal

In June 2026, DriveNets secured a $410 million Series D financing round, achieving an $8.5 billion valuation. This significant capital infusion, driven by surging demand for Ethernet fabric in large-scale AI deployments, positions DriveNets as a key player in the evolving AI infrastructure market. The funding highlights investor confidence in the company's ability to provide an alternative solution to traditional networking approaches, particularly in the context of AI factories, and signals strong growth potential and market validation for its cloud-native networking solutions.

Company Intelligence Q&A

What was DriveNets' most recent funding round?

In June 2026, DriveNets completed a $410 million Series D financing round, with participation from Bessemer Venture Partners. This round valued the company at $8.5 billion.

Which major telecommunications company deployed DriveNets' solution in 2020?

In September 2020, AT&T deployed DriveNets' core routing solution, integrating DriveNets Network Cloud into their next-generation core infrastructure.

What strategic partnership did DriveNets announce in October 2024?

In October 2024, DriveNets collaborated with NEC Networks & System Integration to expand disaggregated cloud-native networking solutions in Japan. Additionally, in the same month, DriveNets and Accton Technology launched a high-performance Ethernet-based AI networking solution using new open networking white boxes.

When was DriveNets recognized as a Gartner Cool Vendor?

In June 2020, DriveNets was named a Gartner Cool Vendor in the Communications Service Provider Network Operations category.

What is DriveNets' estimated order book for the next five years?

As of May 2025, DriveNets had a reported $1 billion order book for the next five years, indicating strong future revenue potential for its AI factory solutions.