DriveNets

Company Overview

Snapshot

Founded in December 2015 by Ido Susan and Hillel Kobrinsky, DriveNets operates with 201–500 employees. The company has raised $997 million across 6 funding rounds from 16 investors. In June 2026, DriveNets secured a $410 million Series D financing round, with participation from Bessemer Venture Partners.

Business overview

DriveNets is a software company that develops cloud-native networking solutions, enabling communications service providers and cloud providers to build networks more efficiently. Its core technology, DriveNets Network Cloud, virtualizes network and compute resources, allowing for scalable network capacity over standard white-box hardware. The company's disaggregated network model supports multiple services, including latency-sensitive ones, over a single physical network edge, serving the telecommunication and cloud industries.

Strategic signal

In June 2026, DriveNets announced a $410 million Series D financing round, pushing its valuation to $8.5 billion. This significant capital injection highlights strong investor confidence in DriveNets' ability to meet the surging demand for Ethernet fabric in large-scale AI deployments. The funding signals the company's critical role in the evolving AI infrastructure landscape and its potential to challenge traditional networking solutions, positioning it as a key player in the future of cloud-native networking.

Company Intelligence Q&A

What was DriveNets' most recent funding round?

In June 2026, DriveNets completed a $410 million Series D financing round. This round saw participation from investors including Bessemer Venture Partners and Atreides Management.

What is DriveNets' valuation after its latest funding round?

Following its $410 million Series D financing round in June 2026, DriveNets reached a valuation of $8.5 billion, making it one of Israel's most valuable privately-held companies.

What is DriveNets' solution for AI networking?

In May 2026, DriveNets announced that its Fabric Scheduled Ethernet (FSE) solution would be an option on the Dell AI Factory. This positions DriveNets as a provider of high-performance AI networking solutions.

Has DriveNets expanded its partner ecosystem recently?

In October 2024, DriveNets expanded its partner ecosystem in India and collaborated with NEC Networks & System Integration in Japan to broaden the reach of its disaggregated cloud-native networking solutions.

What is the significance of DriveNets' commercial deployment of an AI supercluster?

In July 2026, DriveNets announced the industry's first commercial deployment of a long-distance scale across an AI supercluster. This demonstrates the company's capability in delivering advanced networking solutions for large-scale AI infrastructure.