Drivenets has Closed a $208M Series B Fundraising Round, Its Valuation is Now $1B

The Networking software provider DriveNets revealed that it has raised $208 million in a Series B fundraising round, valuing the company at over $1 billion.

The funding will be used by the business to provide service providers and hyperscalers with a completely new method of constructing networks with greater capacity and scale at a far reduced cost. 

One of the biggest networks in the world, AT&T, is already using DriveNets Network Cloud as its primary routing solution, proving the size and effectiveness of a fully virtualized, disaggregated network.

Drivenets 208m series

DriveNets will be able to respond to the spike in demand for greater connectivity and scalable infrastructure by expanding into new regions with the help of the funds.

In the 208m funding, the investor D1 Capital Partners took the lead in the round, and Pitango and Bessemer Venture Partners, two previous investors, also made sizable follow-on investments, New investor Atreides Management also invested in the round.

Every element of our life has transformed as a result of the digital revolution. All conventional processes have been changed into dynamic ones by it. One way that the digital revolution has simplified our lives is through cloud computing. 

With virtualization technology and scaling up/down to effectively handle greater workloads and give a higher level of security across thousands of computer devices, the cloud enables secure information to transit fast in both ways.

Drivenets 208m 1b lundentechcrunch

Drivenets, a pioneer in network disaggregation technology and cloud-native networking software, raised $208 million in series B funding last year. increasing the value of t to over $1 billion. It demonstrates how the business intends to widen its market.

Communication service providers and cloud providers may now more effectively fulfill rising service demands thanks to DriveNets Network Cloud’s ability to completely virtualize network and computing resources. This is not possible with today’s monolithic routers as per lundentechcrunch.

By incorporating more white boxes into actual network clusters, DriveNets’ software, which operates on ordinary white box hardware, can quickly grow network capacity.

The physical infrastructure can function as a shared resource that supports numerous networks and services thanks to this special disaggregated network paradigm. It increases network profitability by separating network expansion from cost.

Ido Susan, CEO and Co-Founder of DriveNets, stated that “disaggregating the network architecture, as DriveNets has done at AT&T, indicates that DriveNets Network Cloud is transforming the scale and economics of the most advanced networks in the world.”

We have ambitions to disrupt more markets in the future and are thrilled about the prospects the future holds for us. Our objective is to increase the number of top operators and cloud providers we work with and the range of products we offer.”

Imagine what it would be like if network hosting and improvements in cloud computing were combined to be used as the ultimate answer for the expansion of any organization. At first glance, this can seem like a fairy tale, but what if we told you that the process is already underway and the idea has been developed?

There are the Drive Nets now! DriveNets is a company that offers hosting services and builds networks on the cloud for better communication. They are developing something that will offer cloud computing, IoT, flexibility, and 24-hour services to their users.

About DriveNets

A rapidly expanding software startup called DriveNets creates networks that resemble clouds. It presents a completely new method for constructing networks, separating network development from network expense, and boosting network profitability.

Services that Drivenets Offers

Cloud-native network services are supported by DriveNets under a single common infrastructure. DriveNets Network Platform supports the concept of disaggregated core and edge networks by enabling service and cloud providers to construct cloud-like networks and take advantage of this new architecture’s cost, flexibility, and innovation benefits.

In addition, multi-service networks, AT&T core network deployment, and network orchestration are offered via the company’s disaggregated core service. Their system supports integral routing and third-party service instances from core to edge, aligning with the major industry communities aiming to improve network infrastructure.

DriveNets currently offers Core, Aggregation, Peering, Cable, DCI (Data Center Interconnection), and Edge cloud services.

For Similar Result Search – drivenets series 1b lundentechcrunch, drivenets 208m series 1b lundentechcrunch


DriveNets Network Cloud, built on cloud-native software running on common white boxes, is the premier open disaggregated networking solution. It was founded by Ido Susan and Hillel Kobrinsky, two renowned telco entrepreneurs. Recently, it raised $208 million in series B funding last year.

increasing the value of t to over $1 billion At the 21st Annual World Communications Awards, DriveNets received the Leading Light award 2020 for Company of the Year (Private) and “Innovation Award – Vendor.”


Explain DriveNets?

DriveNets is a company that offers hosting services and builds networks on the cloud for better communication.

Who was DriveNets’ founder?

DriveNets was established by Ido Susan and Hillel Konbrinsky in December 2015.

How much money did Drive Nets get in the first round of series A?

They announced raising $110 million in Series A on February 14, 2019.

How much Series B money did they raise?

When they received a whopping $208 million in Series B investment on January 27, 2021.

What are the main services that DriveNets offers?

Core, Aggregation, Peering, Cable, DCI (Data Center Interconnection), and Edge cloud are among the services provided by DriveNets.

Also read about..

Amount Secures $99 Million in Series D Funding Worth More Than $1 Billion
Berlin’s Visionaries Club Has Launched Two New €40 Million Seed Finances
China’s Based Black Lake Technologies Generates $77M To Give Digital Look to Factories
Clearbanc Rebranded As Clearco Raises $100M To Change The Face Of Fundraising
Cloud-Based Insurance Tech Startup Bolttech Raises $180 Million, It Brings Total Value $1b
Dallas-based LTK Raises 300M In Funding Round Led By Softbank Vision, Now Its Total Valuation 2B
Golden Raises $40M Funding Led by A16z For Web3 Data Protocol Golden
Gourmey Grabs $48 Million To Keep Working On Lab-Grown Foie Gras
Horizon Capital Raised $250M For Ukraine Funds Which Was Facilitated By Ukraine President Zelenskyy
New York Based Startup Firm Forter Raises $300M At A Total Valuation Of Over $3B
Oyster Raised $20 Million For Its HR Platform A Series
Path Robotics raises $56 million to create the manufacturing of tomorrow
Patsnap Gets Funding of $300M Led By Softbank Vision Fund 2
Pie Insurance Gets $118 Million In Funding For SMBs
Pipe Acquires $250M at a $2B Valuation to Broaden its Financing Capabilities
President Zelenskyy Joins As Horizon Capital Launches $250M, Ukraine-Focused Fund
SaaS Management Platform Torii Raised $10M Series A Funding Led by Wing Venture
Seattle Startup Icertis Raises $80M Fund, It’s Valued at $280M, Investment Round Led by the Capital Group
Selfbook Funded $25M In Series A To Ease “One-click” Hotel Payments
SeQura Generates €150 Million To Expand Its BNPL Customer Support To The International Marketplace
Singapore Based Insurence Firm Bolttech Earns $180M, Funding Round Led By Activant Capital Group
Texas-based LTK has Raised $300M At A $2B Valuation Led By Softbank Vision Fund
Top Reasons Why Most Of The Startups Fails


Related Posts

Understanding the Signs of Bloody Urine in Horses

Urine is essential to horse health, and understanding the...

Vijay Deverakonda WiKi, Height, Age, Girlfriend, Family, Biographyvijay

One of the most celebrated movie stars whose fandom...

Super Bowl and American Culture: How the Super Bowl has Become a National Holiday

Attending a Super Bowl festival has become a holiday...

Pampering Your Pet: Tips for Furry Luxury

Pets are cherished parts of the family who deserve...

What Are The Benefits Of Hair Spas Treatments, and How Do They Work?

With DIY hair care treatments, revitalize your hair and...

Quona Capital is investing $332m in financial integration technology firms

Quona Capital, an enterprise equity firm that puts money...
- Advertisement -spot_img