DriveNets, a Ra’Anana, Israel-based provider of cloud-native networking solutions, raised $262m in Series C venture capital funding.
The round was led by D2 Investments with participation from current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, and Harel Insurance Investments & Financial Services.
The company intends to use the funds to develop future technology solutions, pursue new business opportunities, and expand global operations.
Led by Ido Susan, founder and CEO, DriveNets is a leader in cloud-native networking software and network disaggregation solutions. The company offers communications service providers (CSPs) and cloud providers a new way to build networks, growing their profitability by changing their technological and economic models. Network Cloud is a cloud-native software that runs over a shared physical infrastructure of standard white-boxes, simplifying the network’s operations, offering telco-scale performance and elasticity at a much lower cost.
DriveNets has established key strategic partnerships to speed up the deployment of next-generation networks worldwide, including agreements with Itochu Techno-Solutions Corporation (CTC), EPS Global, Wipro Limited, and KGPCo.
FinSMEs
17/08/2022