DriveNets Secures $117M in Series A Funding to Transform Network Cloud Innovation

DriveNets, the trailblazing software company redefining the landscape of networking infrastructure, has secured $117,000,000 in its latest funding round. This significant investment fuels the company’s mission to empower service providers and hyperscalers with next-generation networking solutions that combine the scalability of standard Ethernet Clos architecture with the high performance and reliability demanded by today’s networks. With its flagship products, DriveNets Network Cloud and DriveNets Network Cloud-AI, the company is revolutionizing the way operators build and manage their networks, leveraging a cloud architectural approach that delivers unmatched performance and cost efficiency. Founded by noted telco entrepreneurs Ido Susan and Hillel Kobrinsky, DriveNets has rapidly established itself as the leading open disaggregated networking solution provider, harnessing cloud-native software over standard white boxes to bring agility and innovation to a traditionally static industry. The newly raised funds will be strategically channeled into advancing research and development efforts, accelerating global sales initiatives, and expanding the company’s operational footprint. DriveNets intends to use this capital to further refine its cutting-edge solutions, enhance its engineering talent, and pursue additional market penetration, particularly in North America, Asia, and Europe, where interest from large-scale Tier-1 operators and cloud providers is robust. The company’s proven success is evidenced by its impressive track record, including highly successful proof-of-concept and lab trials, and prominent deployments such as AT&T’s adoption of DriveNets Network Cloud across its core network. This infusion of capital not only amplifies DriveNets’ potential to transform the networking industry but also reaffirms the confidence investors have in the company’s vision, solidifying its status as a pivotal player in the global digital infrastructure landscape.