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DriveNets logo — Transformative networking solutions

DriveNets

Transformative networking solutions

Founded 2015 Israel Israel 545 employees Series C Total: $587.00M Cloud Infrastructure, Hardware

General Information

Company Name DriveNets
Founded Year 2015
Location Israel Israel +3
Founders / Decision Makers
Team member
Employees 545
Industries Cloud Infrastructure, Hardware
Funding Stage Series C
Social

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About DriveNets

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 (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• 6
Investor Investor Investor Investor Investor
•••• •••• 		17 Aug 2022
Series B •••••• 4
Investor Investor Investor Investor
27 Jan 2021
Series A •••••• - 08 Jul 2019
Series A •••••• - 14 Feb 2019

DriveNets Alternatives & Competitors

DriveNets vs
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FAQ About DriveNets

Transformative networking solutions
DriveNets was founded in 2015.
DriveNets is headquartered in Israel.
DriveNets operates in the following industries: Cloud Infrastructure, Hardware.
DriveNets has approximately 545 employees.
DriveNets has completed 4 funding rounds, raising a total of $587.00M. The latest funding stage is Series C.
Top alternatives and competitors to DriveNets include Force10 Networks, Tallac Networks, Ribbon Partners, Alkira, Inc., Scala Computing. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
DriveNets and Force10 Networks are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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