DriveNets

company

About

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

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

Employee Profiles

Number of Employee Profiles
14
DriveNets has 14 current employee profiles, including Employee Adam Fisher
Employee
Executive
Executive
Board member
Executive