DriveNets Overview
DriveNets is a software company that builds networks like clouds. It offers communications service providers and cloud providers a radical new way to build networks, detaching network growth from network cost and increasing network profitability. DriveNets Network Cloud uniquely supports the complete virtualization of network and compute resources, enabling communication service providers and cloud providers to meet increasing service demands much more efficiently than with today’s monolithic routers. DriveNets’ software runs over standard white-box hardware and can easily scale network capacity by adding additional white boxes into physical network clusters. This unique disaggregated network model enables the physical infrastructure to operate as a shared resource that supports multiple networks and services. This unique network design also allows faster service innovation at the network edge, supporting multiple service payloads, including latency-sensitive ones, over a single physical network edge.s. DriveNets was named one of the "Cool Vendors in Communications Service Provider Network Operations, 2020" by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
$262.0MAug 2022
$372.0MFeb 2019
$580.0MJan 2021
$587.0MJul 2019
$1.2BJul 2025
Latest News
growth-positive
The secondary round values the network infrastructure company founded by Ido Susan and Hillel Kobrinsky at $5 billion.
DriveNets, an Israeli network infrastructure company, has been valued at $5 billion following a significant secondary round. US telecommunications giant AT&T acquired 15% of DriveNets shares from existing shareholders, including Pitango and Bessemer Venture Partners, in a deal estimated at $750-800 million. This transaction marks a strategic partnership for AT&T and a partial exit for the investors. DriveNets, which has raised nearly $600 million in previous rounds, develops advanced communications routers that facilitate data transfer and AI processing. The company employs around 500 people and is not currently pursuing an IPO or sale.
InvestmentPartners
growth-positive
ענקית התקשורת האמריקאית AT&T רכשה 15% ממניות הסטארט-אפ דרייבנטס מבעלי המניות הקיימים - בהם הקרנות פיטנגו ובסמר וגופים מוסדיים כמו הראל ופועלים אקוויטי - באחד מסיבובי הסקנדרי הגדולים בישראל
Drivenets, an Israeli startup, has seen a significant investment from AT&T, which acquired 15% of the companys shares from existing shareholders, including Pitango and Bessemer. The transaction, valued at $750-800 million, reflects a company valuation of $5 billion, a substantial increase from its previous valuation of $3.1 billion. Drivenets, which develops communication routers using cost-effective chips, is expanding into the AI processing market and expects to generate $1 billion in revenue over the next five years. The investment marks a strategic partnership with AT&T, which is also a customer, alongside Comcast, NTT, and KDDI.
InvestmentPartnersCustomers
growth-positive
/PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, will participate in the AI Infra Summit, taking place September 9-11, 2025 in Santa...
DriveNets, a leader in cloud-native networking solutions, will participate in the AI Infra Summit in Santa Clara, CA, from September 9-11, 2025. The company will showcase its Network Cloud-AI, an Ethernet-based AI networking solution, which offers InfiniBand-level performance and supports any GPU, optics, and NIC. DriveNets will also participate in a panel discussion on network technology advancements. The Network Cloud-AI solution is designed to deliver high-performance networking for AI applications, providing a unified solution for backend, frontend, and storage networking. This solution is particularly beneficial for organizations building large AI clusters, offering scalability and optimal cost structure. DriveNets participation in the summit highlights its commitment to advancing AI networking technologies.
Product Stage
growth-positive
/PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, will host a webinar with Semper Victus to discuss best practices for accelerating the...
DriveNets, a leader in cloud-native networking solutions, is hosting a webinar with Semper Victus to discuss best practices for AI network fabric deployment and performance optimization. The webinar will cover topics such as transitioning from InfiniBand to Ethernet-based AI network fabric, performance test results, and tips for optimizing AI cluster performance. DriveNets Network Cloud-AI solution, built on Fabric-Scheduled Ethernet architecture, offers high-performance networking for AI workloads, supporting up to 32,000 GPUs in a single cluster. The solution ensures predictable, lossless connectivity and improved job completion times. DriveNets Infrastructure Services provides comprehensive support for AI and HPC deployments, ensuring faster deployment and higher performance. The partnership with Semper Victus aims to accelerate AI deployments successfully.
Partners
growth-positive
When IPOs stall, secondaries let unicorns keep talent happy, and cash flowing.
Armis, a cybersecurity company, recently completed a $100 million secondary round exclusively for its employees, allowing them to sell 15% of their holdings. This move provided significant liquidity to employees while maintaining their stakes in the company. Armis is valued at $4.5 billion and plans to go public in 2026. The secondary round is part of a broader trend where companies offer liquidity to employees through secondary sales, especially when IPOs are delayed. This trend is seen as a way to retain talent and boost the local economy as employees reinvest their earnings. The article also mentions a $650 million secondary investment in DriveNets by AT&T.
InvestmentPublic Trading
| Sector | Business Software |
Funding
| Total funding | $587M |
| Last funding | $650M |
| Stage | C |
| Rounds | 5 |
| Investors | 14 |
Team Members
5
Employees: 201-500
Web & Social Links
| Website | drivenets.com |
| Careers | Careers page |
Locations
HaSheizaf Street 4, Ra'anana, Israel
--1 temachi, Chiyoda City, Tokyo, Japan
125 Half Mile Road, Suite 200 Red Bank, New Jersey, USA
Strada Maria Rosetti 6, București 030167, Romania
Photos & Videos
4 item(s)
DriveNets Business
Business models
B2B
Product stage
Released
Employees
201-500
Sector
Business SoftwareIT, R&D & Data SolutionsData ArchitectureIT & Network ManagementTarget Customer
Communication ServicesBroadband Networks & NGNCore Technology
Communications5GTags (9)
unicorn-2021cloudnetwork-optimizationtelecommunication-equipmentnetwork-managementsdnvirtualizationtelecommunication5g-networksGeographic Markets
GlobalDriveNets Financials
$587M
Total funding
Undisclosed
Capital raised
$650M
Last funding
C
Funding stage
5
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$262.0MAug 2022
$372.0MFeb 2019
$580.0MJan 2021
$587.0MJul 2019
$1.2BJul 2025
Private Equity Funding
Secondary Round
Jul 2025
$650M
AT&T
C Round
Aug 2022
$262M
D2 Investments (Lead)
,
Bessemer Venture Partners, Pitango Growth, D1 Capital Partners, Harel Insurance & Finance, Atreides Management
B Round
Jan 2021
$208M
Atreides Management, Bessemer Venture Partners, Pitango Growth, D1 Capital Partners
A Round
Jul 2019
$7M
Steve Luczo, John Thompson, Mark McLaughlin
A Round
Feb 2019
$110M
Bessemer Venture Partners (Lead)
,
Benny Schnaider, Doug Gilstrap, C4 Ventures, Pitango Growth, 10D
DriveNets Lifecycle
Cumulative Funding Raised Over Time
$262.0MAug 2022
$372.0MFeb 2019
$580.0MJan 2021
$587.0MJul 2019
$1.2BJul 2025
All Events
Secondary Round
Jul 2025
$650M
AT&T
C Round
Aug 2022
$262M
D2 Investments (Lead)
,
Bessemer Venture Partners, Pitango Growth, D1 Capital Partners, Harel Insurance & Finance, Atreides Management
B Round
Jan 2021
$208M
Atreides Management, Bessemer Venture Partners, Pitango Growth, D1 Capital Partners
A Round
Jul 2019
$7M
Steve Luczo, John Thompson, Mark McLaughlin
A Round
Feb 2019
$110M
Bessemer Venture Partners (Lead)
,
Benny Schnaider, Doug Gilstrap, C4 Ventures, Pitango Growth, 10D
DriveNets News
47 articles
growth-positive
The secondary round values the network infrastructure company founded by Ido Susan and Hillel Kobrinsky at $5 billion.
DriveNets, an Israeli network infrastructure company, has been valued at $5 billion following a significant secondary round. US telecommunications giant AT&T acquired 15% of DriveNets shares from existing shareholders, including Pitango and Bessemer Venture Partners, in a deal estimated at $750-800 million. This transaction marks a strategic partnership for AT&T and a partial exit for the investors. DriveNets, which has raised nearly $600 million in previous rounds, develops advanced communications routers that facilitate data transfer and AI processing. The company employs around 500 people and is not currently pursuing an IPO or sale.
InvestmentPartners
growth-positive
ענקית התקשורת האמריקאית AT&T רכשה 15% ממניות הסטארט-אפ דרייבנטס מבעלי המניות הקיימים - בהם הקרנות פיטנגו ובסמר וגופים מוסדיים כמו הראל ופועלים אקוויטי - באחד מסיבובי הסקנדרי הגדולים בישראל
Drivenets, an Israeli startup, has seen a significant investment from AT&T, which acquired 15% of the companys shares from existing shareholders, including Pitango and Bessemer. The transaction, valued at $750-800 million, reflects a company valuation of $5 billion, a substantial increase from its previous valuation of $3.1 billion. Drivenets, which develops communication routers using cost-effective chips, is expanding into the AI processing market and expects to generate $1 billion in revenue over the next five years. The investment marks a strategic partnership with AT&T, which is also a customer, alongside Comcast, NTT, and KDDI.
InvestmentPartnersCustomers
growth-positive
/PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, will participate in the AI Infra Summit, taking place September 9-11, 2025 in Santa...
DriveNets, a leader in cloud-native networking solutions, will participate in the AI Infra Summit in Santa Clara, CA, from September 9-11, 2025. The company will showcase its Network Cloud-AI, an Ethernet-based AI networking solution, which offers InfiniBand-level performance and supports any GPU, optics, and NIC. DriveNets will also participate in a panel discussion on network technology advancements. The Network Cloud-AI solution is designed to deliver high-performance networking for AI applications, providing a unified solution for backend, frontend, and storage networking. This solution is particularly beneficial for organizations building large AI clusters, offering scalability and optimal cost structure. DriveNets participation in the summit highlights its commitment to advancing AI networking technologies.
Product Stage
growth-positive
/PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, will host a webinar with Semper Victus to discuss best practices for accelerating the...
DriveNets, a leader in cloud-native networking solutions, is hosting a webinar with Semper Victus to discuss best practices for AI network fabric deployment and performance optimization. The webinar will cover topics such as transitioning from InfiniBand to Ethernet-based AI network fabric, performance test results, and tips for optimizing AI cluster performance. DriveNets Network Cloud-AI solution, built on Fabric-Scheduled Ethernet architecture, offers high-performance networking for AI workloads, supporting up to 32,000 GPUs in a single cluster. The solution ensures predictable, lossless connectivity and improved job completion times. DriveNets Infrastructure Services provides comprehensive support for AI and HPC deployments, ensuring faster deployment and higher performance. The partnership with Semper Victus aims to accelerate AI deployments successfully.
Partners
growth-positive
When IPOs stall, secondaries let unicorns keep talent happy, and cash flowing.
Armis, a cybersecurity company, recently completed a $100 million secondary round exclusively for its employees, allowing them to sell 15% of their holdings. This move provided significant liquidity to employees while maintaining their stakes in the company. Armis is valued at $4.5 billion and plans to go public in 2026. The secondary round is part of a broader trend where companies offer liquidity to employees through secondary sales, especially when IPOs are delayed. This trend is seen as a way to retain talent and boost the local economy as employees reinvest their earnings. The article also mentions a $650 million secondary investment in DriveNets by AT&T.
InvestmentPublic Trading
growth-positive
Deal lets employees and early investors cash out as DriveNets expands global telecom footprint.
DriveNets, an Israeli telecommunications company, has been partially acquired by AT&T for $650 million, allowing employees and early investors to cash out. The company, founded by Ido Susan and Hillel Kobrinsky, is expanding its global telecom footprint, with AT&T as a major customer. DriveNets has raised $587 million to date, with a valuation of over $2 billion. Recent strategic partnerships include a deal with KDDI to modernize telecom infrastructure and a collaboration with Comcast for AI-based network enhancements. DriveNets is hiring 100 more employees, indicating growth and expansion.
Acquired-byCustomersPartnersExpand
growth-positive
DriveNets has an alternative solution to Nvidia for "AI factories," and a $1 billion order book for the next five years.
DriveNets, a telecommunications company founded to compete with Cisco, is now challenging Nvidia in the AI processing market. The company has gained a new customer, WhiteFiber, and is expanding its focus to AI factories, which are large server farms specializing in AI processing. DriveNets is leveraging Ethernet protocol and Broadcom chips to offer cost-effective AI infrastructure solutions, positioning itself against Nvidias dominance. The company has an order book worth $1 billion over the next five years and aims to become a significant player in the AI processing market. DriveNets was valued at $3.1 billion in its last fundraising round in 2022.
growth-positive
Partnership to support Japanese giants' shift to open network architecture amid AI-driven data surge.
DriveNets has entered a strategic partnership with KDDI Corporation, a major Japanese telecommunications provider, to implement open network architecture using DriveNets Network Cloud software. This collaboration aims to enhance KDDIs network scalability and efficiency in response to increasing data traffic driven by AI technologies. The partnership, valued in the hundreds of millions of dollars, will initially focus on deploying disaggregated routers at key locations in Japan, with commercial operations expected by the end of 2025. DriveNets, which has raised $587 million and is valued at over $2 billion, is expanding its workforce by 100 employees to support this and other global initiatives.
PartnersExpand
growth-positive
The Israeli company’s software will enhance speed, reliability, and scalability.
DriveNets, an Israeli company, has partnered with Comcast to enhance the core of Comcasts network across the United States. DriveNets technology, which integrates AI and virtualization capabilities, will be deployed nationwide to improve Comcasts network performance, reliability, and scalability. This collaboration is part of Comcasts strategy to build a more efficient network infrastructure for advanced services. The partnership is expected to be valued in the hundreds of millions of dollars. DriveNets, founded by Ido Susan and Hillel Kobrinsky, has raised $587 million to date and is valued at over $2 billion. The company is expanding its workforce by hiring 100 more employees.
PartnersExpandCustomers
growth-positive
קומקאסט תטמיע את הטכנולוגיה של דרייבנטס הישראלית בעסקה של מאות מיליוני דולרים | כלכליסט
DriveNets, an Israeli company, has entered into a significant partnership with Comcast, a major American telecommunications company. DriveNets will provide AI and virtualization solutions to unify Comcasts communication networks into a single virtual network. This collaboration is expected to bring a substantial change in internet traffic management and improve network performance, reliability, and operational efficiency. The initial trial of this new network began in Atlanta in September. DriveNets, founded by Ido Susan and Hillel Kobrinsky, is expanding its workforce by 100 employees and has raised $587 million to date, with its valuation exceeding $2 billion in the last funding round in 2022. The partnership with Comcast is part of DriveNets broader strategy to collaborate with other tech giants like AT&T, Orange, and KDDI.
PartnersExpandCustomers
growth-positive
/PRNewswire/ -- DriveNets, a leader in cloud-native networking solutions, today announced the successful testing and deployment of DriveNets' Network Cloud...
DriveNets has successfully tested and deployed its Network Cloud solution on Oranges live international IP network, marking a significant step in Oranges transition to a software-based disaggregated network. This proof-of-concept (PoC) was completed in under 45 days, demonstrating the operational maturity of network disaggregation. The transition to a software-based network is part of Oranges strategic initiative to modernize its network, reduce costs, and enhance customer experiences. The partnership with DriveNets allows Orange to enjoy enhanced flexibility, cost reduction, and accelerated deployment and innovation. This successful PoC reinforces Oranges position as an innovative global operator and strengthens DriveNets role as a leading disaggregated networking vendor.
Product StagePartners
growth-positive
/PRNewswire/ -- Fujitsu Optical Components – a global leading supplier of high-performance optical components, UfiSpace – a white box switch/router solution...
Fujitsu Optical Components, in collaboration with DriveNets and UfiSpace, has successfully tested and certified its ZR/ZR+ modules with DriveNets Network Cloud software on UfiSpace white boxes. This partnership aims to deliver significant cost savings to network operators by integrating multiple communication layers into a single platform, reducing hardware footprint and operational overhead. The solution supports high-speed, high-capacity communications and aligns with the Innovative Optical and Wireless Network Initiative (IOWN). The collaboration is part of a broader trend towards open, disaggregated networking solutions, allowing operators to mix elements from multiple vendors. This development is expected to enhance network efficiency and flexibility for service providers.
Partners
growth-positive
/PRNewswire/ -- DriveNets, a leader in innovative networking solutions, and Radisys, a global leader in open telecom solutions, today announced a partnership...
DriveNets, a leader in innovative networking solutions, has announced a new partnership with Radisys, a global leader in open telecom solutions. This collaboration aims to deliver end-to-end networking projects that enhance network scale and accelerate new service rollouts for European service providers. The partnership will leverage Radisys integration of DriveNets Network Cloud solution and Radisys Connect Modular Broadband system. The companies have already conducted a successful proof of concept with a German service provider and are exploring further opportunities in Europe. This partnership expands DriveNets global partner ecosystem and strengthens its presence in Europe, marking a growth-positive impact for the company.
Partners
growth-positive
/PRNewswire/ -- DriveNets – a leader in innovative networking solutions – today announced it is collaborating with NEC Networks & System Integration...
DriveNets, a leader in innovative networking solutions, has announced a collaboration with NEC Networks & System Integration Corporation (NESIC) to expand the availability of disaggregated cloud-native networking solutions in Japan. This partnership will involve establishing a technical lab within NESICs facilities for proof of concept testing, system integration, and software evaluation. The collaboration aims to support Japanese telecommunications operators by accelerating the rollout of these solutions and ensuring a seamless transition. DriveNets commitment to its Japanese customers and the investment in its Japanese office are highlighted as key factors in this partnership. The partnership is expected to enhance DriveNets presence in Japan and leverage the growth of network disaggregation among Japanese operators.
PartnersExpand
growth-positive
/PRNewswire/ -- DriveNets – a leader in innovative networking solutions – today announced it is expanding its partner ecosystem in India with the addition of...
DriveNets, a leader in innovative networking solutions, has expanded its partner ecosystem in India by partnering with NMSWorks, Teleindia, and Nuvem Labs. This strategic move aims to enhance DriveNets local presence and engagement with the Indian industry, enabling collaboration with leading local companies and expanding its customer base among Tier 1 and Tier 2 operators, as well as government customers. The partnerships will help DriveNets deliver end-to-end solutions and reliable support to its customers. NMSWorks, Teleindia, and Nuvem Labs will play crucial roles in supporting DriveNets expansion into new markets, including AI/datacenters, government, and enterprise sectors. The announcement was made ahead of the India Mobile Congress, scheduled for October 15-18 in New Delhi.
PartnersCustomersExpand
growth-positive
/PRNewswire/ -- DriveNets – a leader in innovative networking solutions – and Accton Technology – a leader in advanced technologies of hyperscale data centers,...
DriveNets, in collaboration with Accton Technology, has launched new white boxes based on Broadcoms Jericho-3-AI and Ramon-3 ASICs for AI networking. These white boxes, which have been successfully tested, offer a scalable and high-performance solution for AI and ML clusters, supporting up to 32K GPUs with 800Gbps interfaces. The solution is designed to meet the growing demands of hyperscalers and enterprises building large AI clusters. The partnership with Accton and the use of Broadcoms new ASICs provide an open-standard alternative to traditional closed hardware, enhancing DriveNets position in the market. The launch will be presented at the 2024 OCP Global Summit.
PartnersCustomers
growth-positive
With 52% Of AT&T's Traffic, DriveNets Aims At AI Networking
DriveNets, an Israel-based provider of cloud networking software, is set to benefit from the growing demand for generative AI. The company has helped build cloud-based networks that now handle 52% of AT&T’s core production traffic and expects its technology to be in strong demand from companies like Microsoft and Google. The market for cloud AI networking is expected to grow rapidly, with forecasts predicting 38% average annual growth from $2 billion to over $10 billion between 2022 and 2027. DriveNets has raised a total of $587 million in three funding rounds and is considering an IPO as an option for raising growth capital.
InvestmentExpand
growth-positive
DriveNets Expands its Network Cloud Ecosystem with Leading ZR/ZR+ Optics Solutions
DriveNets Network Cloud becomes the first DDC/DDBR to support ZR/ZR+ optics as native transceivers, accelerating the adoption of cutting-edge technology. The introduction of ZR/ZR+ optics simplifies high-scale connectivity and reduces network complexity, footprint, and cost. DriveNets breaks the vendor lock held by router vendors over telecom operators, fulfilling the promise of networking interoperability on the optical transport level. The company will demonstrate the use of ZR/ZR+ optics at the SCTE Cable-Tec Expo. DriveNets is expanding the Network Cloud ecosystem and bringing cutting-edge technology to the service provider routing market. The partners mentioned in the article are UfiSpace, Edgecore, Coherent Corp., Acacia (now part of Cisco), Fujitsu Optical Components (FOC), and NEC.
Partners
growth-positive
DriveNets Secures $262 Million in Series C Funding to Continue Disrupting the Telecommunications and Cloud Infrastructure Industry
DriveNets has secured $262 million in a Series C venture capital funding round to expand its cloud-native networking portfolio and global operations. The funding will be used to develop future technology solutions, pursue new business opportunities, and support growing customer demand. The round was led by D2 Investments with participation from DriveNets current investors. DriveNets approach of building networks like cloud allows telecom providers to take advantage of technological efficiencies. Since its last funding round, DriveNets has experienced significant market traction, including a 1,000 percent increase in network traffic, engagement with nearly 100 customers, and strategic partnerships with industry players.
InvestmentExpand
growth-positive
DriveNets Announce Partnership with ITOCHU Techno-Solutions to Transform Service Providers' Networks in Japan
DriveNets has announced a strategic partnership with ITOCHU Techno-Solutions to help service providers in Japan leverage cloud architecture and accelerate growth. ITOCHU Techno-Solutions will integrate DriveNets Network Cloud solution at service providers and hyperscalers in Japan, streamlining the evolution to cloud-based networking. The companies have secured deployment agreements with key Tier-1 service providers in Japan and plan to extend the partnership to other APAC countries. DriveNets Partner Program aims to transform the telecom field to a cloud-like architecture with an open ecosystem. ITOCHU Techno-Solutions is a comprehensive IT services company that partners with its customers.
Partners
growth-positive
Bloomberg - DriveNets CEO on Tech Infrastructure - DriveNets
DriveNets, an Israeli company, is developing a cloud-based networking and routing solution for service providers. CEO and Co-founder Ido Susan discusses tech infrastructure on Bloomberg Markets.
Partners
growth-positive
LG U+ Tests DriveNets Network Cloud Solution on its Core Network
LG U+ has successfully completed a proof-of-concept process for DriveNets Network Cloud solution as a potential replacement for its existing network core and backbone routing technology. This marks a step towards a fully cloud-native, disaggregated network for LG U+. Telecommunications service providers worldwide are adopting or planning to adopt cloud-native architectures, and DriveNets is leading the transformation. As networks evolve to 5G technology, disaggregation will be deployed more broadly. The successful POC trial ensures optimal service quality and future network cloud technology for LG U+.
PartnersCustomers
growth-positive
Changing the Network and the Internet Infrastructure - DriveNets
The article features an interview with Ido Susan, the founder of DriveNets, a startup in the networking industry. DriveNets aims to change the network and internet infrastructure, reduce costs, and create new revenue streams. Susan discusses the importance of upgrading network infrastructure to support the increasing demand from consumers and enterprises, especially with the shift to remote work. He also mentions the cybersecurity challenges and the opportunity for operators to enhance privacy and security. The article highlights the boost in government spending on infrastructure, which is expected to benefit DriveNets and similar companies. Overall, the article has a growth-positive impact on DriveNets, emphasizing its potential in transforming the network industry and securing contracts with major clients like AT&T.
CustomersInvestment
growth-positive
Wipro Partners with DriveNets to Accelerate Innovation for Communication Service Providers - DriveNets
Wipro Limited is partnering with DriveNets to transform how communication service providers build next-generation networks. The partnership will enable CSPs to leverage the cloud for growth and realize operational efficiencies. Wipro will leverage DriveNets Network Cloud to help CSPs adopt an architectural model similar to cloud hyperscalers, improving network economics and accelerating service innovation. The partnership aims to streamline the deployment of DriveNets Network Cloud solutions and reduce hardware requirements. Wipro and DriveNets are already engaged with leading CSPs on joint projects.
Partners
growth-positive
After $475 million exit, Ido Susan is going all the way with Drivenets
Ido Susan, co-founder and CEO of Drivenets, spoke at Calcalists Tech TLV conference about his drive to change industries and the reason he looks to the east for new markets. Drivenets develops technology that simplifies network management for communications infrastructure providers. Susan discussed the personal challenge of starting a new company and the potential to revolutionize the internet industry. He also mentioned the difficulty of hiring in the high-tech sector and expressed the need for more workers in the field. Susan expressed interest in expanding the workforce and setting up R&D centers. He acknowledged the high valuations in the market but did not express concern. While an IPO is a possibility, the focus is on building a big company.
Expand
https://www.lightreading.com/drivenets-wins-2021-leading-lights-award-for-best-new-optical-networkingip-product/v/d-id/772725
growth-positive
Operators Recognize Economic Value of Hyperscale Architecture, says Report
DriveNets has shared the results of a survey conducted by STL Partners, which suggests that telecom network executives recognize the economic value and inevitability of hyperscale architecture and disaggregated cloud-native networks. The report suggests that hyperscale economics should be a strategic goal for telcos to remain competitive. The survey also indicates that telecom operators view hyperscale cloud providers as business partners, threats, and models to learn from. The report suggests that the networking core is a breakthrough opportunity area for hyperscale economics due to continued growth in network traffic volumes and the deployment of 5G standalone technologies.
PartnersCustomers
growth-negative
Heavy Reading Survey of Network Operators Finds Only 7% Fully Satisfied with Incumbent Networking Vendors - DriveNets
A global IP networks survey conducted by Heavy Reading reveals that only 7% of network operators are fully satisfied with their incumbent network providers. High costs and lack of openness and innovation are the main sources of dissatisfaction. The survey also shows a high adoption rate of network disaggregation, with 35% of service providers already in the process of adopting modern cloud-native or disaggregated networks. DriveNets, a leader in cloud-native networking software and network disaggregation solutions, sponsored the survey. The results indicate that modern networks will be designed like clouds, with complete disaggregation of hardware and software. The survey reflects the changing dynamics between communications service providers (CSPs) and cloud providers, who are becoming partners and competitors. DriveNets CEO cites AT&Ts deployment of DriveNets Network Cloud as an example of innovation.
Customers
growth-positive
DriveNets Expands Presence in Asia Pacific to Support the Growing Momentum of its Network Cloud - DriveNets
DriveNets, an Israeli networking software company, is expanding its presence in the Asia Pacific region to support growing interest from service and cloud providers in its Network Cloud. The company has hired experienced technical sales and operations professionals, including senior executives from Cisco and Juniper. DriveNets is currently in sales processes with around 20 customers in the APAC region. The company also plans to open an office in Tokyo in the fall. Earlier this year, DriveNets announced $208 million in Series B funding, bringing the companys valuation to over $1 billion.
ExpandCustomersInvestment
growth-positive
DriveNets Network Cloud is first to support Broadcom J2C+ and triple network scale with largest networking solution in the market - DriveNets
DriveNets has announced that its DriveNets Network Cloud is the first high-scale routing solution to run on Broadcoms Jericho 2c+ (J2C+) ASIC using a new white box. The availability of a 691Tbps cluster of these new white boxes makes DriveNets Network Cloud the largest scale routing solution in the world. The company continues to raise the bar on network elasticity and efficiency, offering a future-proof architecture for its customers. The new NCP-36CD-S white box will be available for early customer trials in Q3 2021. DriveNets recently raised $208 million in Series B funding, bringing its valuation to over $1 billion.
InvestmentExpand
growth-positive
DriveNets Raises $208 Million Funding to Build the Network Cloud Infrastructure of the Future
DriveNets, a networking software company, has raised $208 million in a Series B funding round, bringing its valuation to over $1 billion. The investment will be used to offer service providers and hyperscalers a more cost-effective way to build their networks with higher capacity and scale. DriveNets Network Cloud, already deployed by AT&T, will expand to new geographies to meet the growing demand for connectivity and scalable infrastructure. The funding round was led by D1 Capital Partners, with participation from existing investors Bessemer Venture Partners and Pitango, as well as new investor Atreides Management. DriveNets unique software runs on standard white box hardware, enabling the virtualization and disaggregation of network resources.
InvestmentExpand
growth-positive
AT&T deploys DriveNets core routing solution
AT&T has announced the deployment of Drivenets software-based core routing solution, which is the largest backbone in the US. The deal is expected to be highly substantial for Drivenets. Drivenets allows telecom operators to use simpler, smaller, and cheaper equipment with the sophistication moving to the software. The company raised $110 million in its first financing round and was chosen as Israels most promising startup in December 2019. The deployment of Drivenets solution by AT&T demonstrates the scalability and cost-efficiency of the network cloud model. The announcement was made by Andre Fuetsch, AT&Ts CTO of Network Services, at the Open Networking and Edge Summit.
PartnersCustomers
growth-positive
AT&T deploys DriveNets Network Cloud in their next-gen core
DriveNets, a networking software company, announced that its Network Cloud is providing the software-based core routing solution for AT&T, the largest backbone in the US. The solution is designed to meet the increasing demands of 5G, broadband and entertainment content services, as well as AI and Edge applications. The Network Cloud runs on standard white boxes built by ODM partners like UfiSpace, based on the Jericho2 chipset from Broadcom. This approach is said to create a new economic model for the networking industry, lowering cost per bit and improving network profitability.
CustomersPartners
Growth-Positive
DriveNets Named a Gartner Cool Vendor in Communications Service Provider Network Operations Category
DriveNets, a networking software company, has been recognized as a Gartner Cool Vendor in Communications Service Provider Network Operations. The companys Network Cloud solution offers a disruptive technological and economic networking model based on a distributed disaggregated chassis (DDC) architecture. The recognition validates the market shift towards open software-based architectures. The company was also highlighted in a report by Bank of America Global Research as a leading player in the networking space. DriveNets was also selected to give the largest ever live demonstration of a distributed open edge/core router at the OCP Virtual Summit along with partners UfiSpace and Credo.
Partners
growth-positive
DriveNets and Tellence to Double Bucharest R&D Team
DriveNets, a webscale networking software company, plans to double its team size from 50 to 100 by the end of 2020. The company aims to strengthen its technological leadership in working with Tier 1 service providers to build their networks. The COVID-19 pandemic has led to increased traffic growth, creating a higher demand for DriveNets low-cost networking solutions. DriveNets has partnered with Tellence, a provider of high-tech software and engineering services, to recruit software engineers, customer support engineers, and quality assurance engineers. DriveNets Network Cloud solution is disrupting the service providers market and is already being tested by tier 1 service providers worldwide. In addition to a $117 million Series A round, DriveNets has prominent private investors including John Thompson, Steve Luczo, and Mark McLaughlin.
Expand
growth-positive
DriveNets' disaggregated router tech wins innovation award
Networking startup DriveNets has been recognized for its innovative software-based routing technology. The Israel-based companys disaggregated router model is designed to help carriers scale their networks quickly and cost-effectively. The software can run on a single white box or across a cluster of hundreds, offering providers flexibility to meet growing demand. The company targets Tier 1 and Tier 2 operators building hyperscale networks. DriveNets spent the last year educating the market on the need for the disaggregated model and has received positive feedback from service providers.
CustomersExpand
growth-positive
"Globes" startup of the year: DriveNets - challenging Cisco and Juniper
DriveNets, a company that has developed a software solution to help communications companies cope with growing infrastructure loads, has raised $110 million in one of the largest first financing rounds ever in Israel. The company was founded in 2015 by CEO Ido Susan and chief strategy officer Hillel Kobrinsky. DriveNets software solution is designed to reduce the need for expensive equipment by using cheaper and smaller equipment, with the brains in the software. The company has 200 employees and its revenue is already in the tens of millions of dollars. It has signed contracts that will provide $200 million revenue in the next five years.
InvestmentExpand
growth-positive
DriveNets Recognized as Winner in Next Gen Deployment Wireline Category by Questex's Fierce Innovation Awards - Telecom Edition 2019
DriveNets has been selected as a winner in the Fierce Innovation Awards - Telecom Edition for its innovative product, Network Cloud. The companys Network Cloud introduces a new way to build networks using the disaggregation of hardware and software and standard networking white boxes. It simplifies the networks operational model and enables growth, service innovation, and profitability for service providers. DriveNets Network Cloud is the first solution on the market to support the distributed disaggregated chassis (DDC) white box architecture for Service Provider-Class Routers. The company was founded by Telco entrepreneurs Ido Susan and Hillel Kobrinsky. DriveNets aims to help Communications Service Providers (CSPs) improve their profitability by changing their technological and economic models.
Partners
growth-positive
DriveNets Wins the Vendor Innovation Award at World Communication Awards (WCA) 2019
DriveNets Network Cloud has won the Innovation Award - Vendor at the 21st Annual World Communications Awards 2019. The award recognizes DriveNets innovation in the communications service providers network space. DriveNets Network Cloud introduces a radical new way to build networks, applying hyperscale cloud architecture to service providers networks. The solution simplifies the networks operational model and enables extreme growth, rapid service innovation, and greater service profitability. DriveNets recently announced that its Network Cloud is the first solution on the market that supports the distributed disaggregated chassis (DDC) white box architecture for Service Provider-Class Routers. The prestigious award was given by Total Telecom at a ceremony in London on October 30th.
Partners
growth-positive
DriveNets' Network Cloud TCO Shows a 52% Saving in SP Network Expenditure Compared to Traditional Solutions, Creating a Cloud-Like Network Economic Model
DriveNets, a web-scale networking software company, announced a TCO analysis comparing their Network Cloud solution to incumbent networking solutions. The analysis found a significant average TCO saving of 52% over five years with DriveNets architecture. The savings are a result of low-cost white-boxes and a single software package that runs across the entire network. DriveNets has received a series A funding round totaling $117M, with investors including Microsoft, Seagate, and Palo Alto Networks. They are also the first to deploy a software-based disaggregated router supporting 400G ports.
Investment
growth-positive
DriveNets Network Cloud Software Is First to Support the Distributed Disaggregated Routing Model Presented at the OCP Regional Summit in Amsterdam
DriveNets announces that its Network Cloud is the first solution on the market that supports the distributed disaggregated chassis model for building a scale-out forwarding system. The Network Cloud scales from a single-box router to a cluster of white boxes, supporting 768 Tb/s. DriveNets is already in PoCs with tier 1 service providers. The companys innovative software and networking architecture disrupts the service providers market, changing the network economic and operational models. DriveNets is working closely with industry leaders, white-box manufacturers, and silicon developers. The company was founded by Ido Susan and Hillel Kobrinsky, successful Telco entrepreneurs.
PartnersInvestment
growth-positive
Telecommunication Startup Drivenets to Set Up Romanian R&D Center
Israeli networking software startup Drivenets is opening a research and development center in Bucharest in partnership with Romanian software company Tellence Technology. Drivenets develops network management tools for communications service providers and has raised $110 million in funding. The company was founded by Israeli entrepreneurs Ido Susan and Hillel Kobrinsky, who have previous successful exits.
PartnersExpand
growth-positive
DriveNets expands financing round to $117m
Israeli networking software company DriveNets has expanded its Series A financing round to $117 million with the addition of three new investors, including Microsoft chairman John Thompson. DriveNets offers a software-based networking solution called Network Cloud that simplifies the networks operational model. The companys technology has already been adopted by a tier-1 North American service provider. The investment from high-profile investors validates DriveNets industry respect and will guide the companys growth and reach.
Investment
DriveNets Unveils 400G Virtual Router Light Reading
growth-positive
This Founder Sold A Startup To Cisco For $475 Million. Now He's Raised $110 Million To Take It On.
DriveNets, an Israeli startup, has raised $110 million in Series A funding, valuing the company at over $500 million. The funding will be used to expand the companys cloud-based networking service, which aims to offer cheaper networking solutions through a combination of cheap hardware and software. DriveNets is looking to compete with major networking companies like Cisco and Juniper Networks. The companys approach focuses on making hardware more of a commodity and offering software subscriptions, providing a cheaper alternative for customers. DriveNets already works with seven top service providers and expects to sign contracts worth over $100 million in the next few months. The company plans to hire salespeople and engineers with the funding.
InvestmentExpand
growth-positive
Israeli software firm DriveNets raises $110 million in first funding round
Israeli networking software company DriveNets has raised $110 million in its first round of financing. The funding, led by Bessemer Venture Partners and Pitango Growth, will help DriveNets expand its product portfolio and enter new markets. DriveNets software enables communication service providers to handle increasing demand while maintaining profitability. The company, founded in 2015, achieved its first major contract in 2017 and has since generated tens of millions of dollars in revenue. DriveNets plans to hire more employees and increase its workforce from 150 to 200 by the end of the year. DriveNets co-founders have previously been involved in successful acquisitions by Cisco and AT&T.
InvestmentExpand
Three Providers of Virtual Routers Named IDC Innovators
DriveNets Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 455 |
| Team members | 6 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515339018 |
| Crunchbase | drivenets |
| Phone | +97297444726 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-09-19T00:00:00.000Z |
| Created | 2016-12-11T00:00:00.000Z |
| Claimed | Yes |