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, with Bessemer Venture Partners notably participating. In June 2026, DriveNets secured a $410 million Series D financing round, achieving a valuation of $8.5 billion.

Business overview

DriveNets is a business software company that develops cloud-native networking solutions, enabling communication service providers and cloud providers to build networks like clouds. Its core technology, DriveNets Network Cloud, virtualizes network and compute resources, allowing for efficient scaling and faster service innovation over standard white-box hardware. The company serves the telecommunications and cloud industries, operating within the IT, R&D, Data Architecture, and Network Management sectors.

Strategic signal

In June 2026, DriveNets announced a $410 million Series D financing round, pushing its valuation to $8.5 billion. This significant capital infusion, driven by surging demand for Ethernet fabric in large-scale AI deployments, signals strong investor confidence in DriveNets' ability to capitalize on the AI boom and challenge traditional networking solutions, positioning the company as a key player in the evolving AI infrastructure landscape.

Company Intelligence Q&A

What was DriveNets' most recent funding round?

In June 2026, DriveNets completed a $410 million Series D financing round, reaching a valuation of $8.5 billion. This round was led by Bessemer Venture Partners and Atreides Management.

What is DriveNets' core product offering?

DriveNets offers the Network Cloud, a software solution that virtualizes network and compute resources, enabling communication service providers and cloud providers to build and scale networks using standard white-box hardware.

Has DriveNets formed any significant partnerships recently?

In May 2026, DriveNets announced that its Fabric Scheduled Ethernet (FSE) solution would be an option on the Dell AI Factory, indicating a strategic collaboration to integrate its high-performance AI networking into Dell's offerings.

What is DriveNets' strategy regarding AI networking?

DriveNets is actively positioning its solutions for AI infrastructure. In September 2025, the company will demonstrate its expertise and AI Ethernet solution at the AI Infra Summit, highlighting its focus on meeting the demands of AI-driven data surges.

When did AT&T deploy DriveNets' core routing solution?

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