DriveNets

About

DriveNets is a networking company that provides software-based routing solutions.

Ra'anana,HaMerkaz,Israel
251 - 500
https://www.drivenets.com/

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $262M
Industries: Cloud Data Services,Cloud Infrastructure,Network Hardware,Software
Founded date: Dec 1, 2015
Number Of Employee: 251 - 500
Operating Status: Active
Legal Name: DriveNets Ltd.
Also Known As: Drive Nets

DriveNets is a fast-growing IP networking software company that revolutionizes Communications Service Provider (CSP) networks by disaggregating the network infrastructure from core to edge, similar to the way hyperscalers have disaggregated the cloud. DriveNets Network Cloud is an open distributed disaggregated networking solution based on cloud-native software and standard networking white boxes.

The company was founded in 2015 by Ido Susan and Hillel.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$587M

DriveNets has raised a total of $587M in funding over 2 rounds. Their latest funding was raised on Aug 17, 2022 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 17, 2022	Series C	$262M	6	D2 Investments	—	Detail
Jan 27, 2021	Series B	$208M	4	D1 Capital Partners	—	Detail
Jul 8, 2019	Series A	$7M	5	John Thompson Mark McLaughlin Stephen Luczo	—	Detail
Feb 14, 2019	Series A	$110M	3	Bessemer Venture Partners Pitango VC	—	Detail

Investors

Number of Lead Investors

Number of Investors

7

12

DriveNets is funded by 12 investors. D2 Investments and John Thompson are the most recent investors.

Investor Name	Lead Investor	Funding Round
D2 Investments	Yes	Series C
John Thompson	Yes	Series A
Mark McLaughlin	Yes	Series A
Stephen Luczo	Yes	Series A
Atreides Management	—	Series C
Bessemer Venture Partners	—	Series C
D1 Capital Partners	—	Series C
Harel Insurance Investments and Financial Services	—	Series C
Pitango VC	—	Series C
C4 Ventures	—	Series A