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DriveNets Revenue, Valuation, Funding & Investors
DriveNets is valued at $8.5B as of May 2026. DriveNets revenue was $75M, as disclosed with its January 2021 round.
Last DriveNets valuation
$8.5B
Series D · May 2026
Last DriveNets funding round
$410M
Series D · May 2026
DriveNets revenue
$75M
Series B · Jan 2021
Key investors in DriveNets
Bessemer Venture Partners
Pitango VC
D1 Capital Partners
Atreides Management
Harel Hamishmar
Samsung Ventures
About DriveNets
DriveNets is a Ra'anana, Israel-headquartered networking company that builds carrier and AI networking infrastructure on standard white-box hardware. Its Network Cloud software disaggregates traditional routers into cloud-native software running on merchant-silicon boxes, and its Ethernet-based AI Fabric connects GPU clusters for back-end, compute and storage networks. Customers include telecom operators such as AT&T, Comcast and KDDI as well as hyperscalers, neoclouds and enterprises building AI data centres; the company has about 100 customers and around 500 employees with offices in Israel, the USA, Japan and Romania. DriveNets sells software and systems under multi-year contracts and said in 2026 that it had more than USD 1 billion of secured business and had been cash-flow positive since 2025. It has raised about USD 1 billion, most recently a USD 410 million round in June 2026 at a reported USD 8.5 billion valuation, and AT&T bought roughly a 15% stake from existing shareholders in 2025. DriveNets was founded in 2015 by Ido Susan, its chief executive, and Hillel Kobrinsky.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$75M (Jan 2021)
Valuation
$8.5B (May 2026)
DriveNets Valuation
DriveNets is currently valued at $8.5B, based on its Series D in May 2026. Read the announcement ↗
The $410M round was led by Atreides Management and Bessemer Venture Partners, with participation from Pitango VC, AMD, D1 Capital Partners and Red Dot Capital Partners.
DriveNets' valuation has grown 17x from $510M at its Series A in February 2019 to $8.5B in May 2026, across 5 priced rounds.
DriveNets valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2026 | Series D | $8.5B | - |
| Jul 2025 | Secondary | $5B | - |
| Aug 2022 | Series C | $2.5B | - |
| Jan 2021 | Series B | $1B | 13.3x |
| Feb 2019 | Series A | $510M | - |
DriveNets Revenue
DriveNets' latest recorded revenue is $75M, as of its Series B in January 2021. At a $1B valuation, that implies a 13.3x revenue multiple.
DriveNets revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2021 | $75M | $1B | 13.3x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
DriveNets Funding History
DriveNets has raised a total of $997M across 5 funding rounds, plus 1 secondary share sale.
DriveNets' first fundraising round was a $110M Series A in February 2019. The most recent completed round was a $410M Series D in May 2026.
DriveNets funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series D | Atreides Management (lead); Bessemer Venture Partners (lead); Pitango VC; AMD; D1 Capital Partners; Red Dot Capital Partners | $410M | $8.5B | DriveNets completed a $410 million Series D financing on June 1, 2026, with AMD joining as a new investor alongside lead investors Bessemer Venture Partners and Atreides Management; Red Dot Capital also joined, while Pitango and D1 Capital Partners participated as existing backers. The round brought DriveNets’ total capital raised to $1 billion, and reported coverage indicates the company was valued at $8.5 billion in the financing. The financing was raised to scale DriveNets’ Ethernet fabric and heterogeneous AI infrastructure for large-scale AI deployments. DriveNets said it had more than $1 billion in secured business and had been cash-flow positive since 2025, and it plans to use the new capital to expand inventory and support a growing AI fabric pipeline. AMD’s participation was presented as part of a collaboration around open, standards-based AI data centers and validated reference architectures for AMD Instinct accelerators and DriveNets networking. DriveNets is an Israeli networking company based in Ra’anana that focuses on large-scale networking solutions, including Ethernet fabric for AI GPU clusters and heterogeneous AI infrastructure. The company described the round as support for continued growth in telecom and AI infrastructure markets, with over $1 billion in secured business before the financing and a total funding history that now exceeds $1 billion. |
| Jul 2025 | Secondary | AT&T (lead) | $650M | $5B | DriveNets is an Israeli network infrastructure startup founded by Ido Susan and Hillel Kobrinsky, developing communications routers based on cheaper chips than Nvidia's for high-reliability data transfer and AI processing competitive with Cisco and Mellanox. The company employs around 450-500 people and has secured major customers including AT&T, where its Network Cloud solution powers 52% of core production traffic, Comcast via Project Janus, and KDDI for open network architecture rollout. On July 16, 2025, AT&T acquired a 15% stake from existing shareholders, founders, and employees in a secondary transaction valued at $650-800 million, implying a $5 billion company valuation. This marks a significant liquidity event for early investors like Pitango, Bessemer Venture Partners, D1 Capital Partners, D2 Investments, Harel, and Poalim Equity, as well as employees, without issuing new shares to the company. DriveNets has raised nearly $600 million in primary funding prior to this deal, including a 2022 Series C round of $262 million at over $2-2.5 billion valuation and an earlier round at $3.1 billion. The AT&T investment positions it as a strategic partner amid expansion in AI networking and global telecom deployments. |
| Aug 2022 | Series C | D2 Investments (lead); Pitango VC; Atreides Management; Bessemer Venture Partners; Harel Hamishmar; D1 Capital Partners | $262M | $2.5B | DriveNets, an Israel-based company founded in 2015 and headquartered in Ra'anana, develops cloud-native networking software and network disaggregation solutions. It offers communications service providers (CSPs) and cloud providers a disaggregated approach to build networks using software-based routing over generic 'white box' hardware, aiming to boost profitability by adopting cloud-like efficiencies such as optimal resource utilization. On August 17, 2022, DriveNets raised $262 million in a Series C funding round led by D2 Investments, with participation from existing investors Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, and Harel Insurance Investments & Financial Services. The round considerably increased the company's valuation over its prior January 2021 Series B of $208 million, which exceeded $1 billion; sources indicate the new post-money valuation surpassed $2.5 billion. Proceeds will fund technology development, global operations expansion, support teams, and new business opportunities to meet rising customer demand. Since the 2021 round, DriveNets achieved strong traction: network traffic on its Network Cloud solution grew 1,000%, it engaged nearly 100 customers including tier-1 operators like AT&T, doubled bookings year-over-year, grew headcount 50% to around 450 employees, and formed partnerships with firms like Itochu Techno-Solutions, EPS Global, Wipro, and KGPCo. The company added senior executives for sales and infrastructure to scale operations in Europe and the Americas. DriveNets positions itself to disrupt traditional networking vendors by enabling a shift to cloud-native models, gaining trust amid industry challenges. Investors highlighted its innovation and execution, with the funding supporting further market footprint expansion in high-scale routing for next-generation networks. |
| Jan 2021 | Series B | D1 Capital Partners (lead); Pitango VC; Atreides Management; Bessemer Venture Partners; Harel Hamishmar | $208M | $1B | DriveNets, founded in 2016 by Ido Susan and Hillel Kobrinsky, develops cloud-native networking software enabling disaggregated network architectures on standard white box servers with merchant silicon, targeting service providers and hyperscalers to reduce costs, improve scalability, and accelerate service innovation at the network edge. The company achieved early validation through deployment as AT&T's core routing solution. On January 27, 2021, DriveNets raised $208 million in a Series B funding round led by D1 Capital Partners, with participation from Atreides Management, Bessemer Venture Partners, and Pitango Growth, bringing its post-money valuation to more than $1 billion. Proceeds were earmarked to expand product offerings, reach more operators and cloud providers, and further disrupt traditional networking economics by lowering cost per bit and enhancing network profitability. At the time, DriveNets had demonstrated viability in production environments, notably disaggregating AT&T's network architecture. The round underscored investor confidence in its potential to transform IP routing for high-capacity 5G and cloud demands. Post-round traction included nearly 100 customer engagements, doubled year-over-year bookings, over 30 proof-of-concept trials, and strategic partnerships with firms like Itochu Techno-Solutions, EPS Global, Wipro, and KGPCo by end-2021. |
| Jul 2019 | Series A | John Thompson (lead); Mark McLaughlin (lead); Stephen Luczo (lead); C4 Ventures; Poalim Equity | $7M | - | In July 2019 DriveNets named high-profile strategic investors who had joined its Series A, lifting the round from USD 110 million to USD 117 million. The additional capital of about USD 7 million came from Steve Luczo, chairman and former chief executive of Seagate, who also joined the DriveNets board; Mark McLaughlin, former chief executive of Palo Alto Networks; and John Thompson, chairman of Microsoft and a partner at Lightspeed. C4 Ventures, the fund led by former Apple EMEIA head Pascal Cagni, and other telecom executives were also named as strategic investors. The company said the investors' operating experience would help guide it as it changed how communications service providers build and pay for their networks, following its work transforming the network of a top US carrier. DriveNets develops Network Cloud, cloud-native routing software that runs on white-box hardware built with merchant silicon. The company is based in Ra'anana, Israel, and was founded in 2015 by Ido Susan and Hillel Kobrinsky. |
| Feb 2019 | Series A | Bessemer Venture Partners (lead); Pitango VC (lead); Samsung Ventures | $110M | $510M | DriveNets emerged from stealth in February 2019 with a USD 110 million Series A round led by Bessemer Venture Partners and Pitango Growth, with participation from a number of private investors. Reports at the time put the valuation at more than USD 500 million, and the round was later expanded to USD 117 million when strategic investors including Microsoft chairman John Thompson, former Seagate chief executive Steve Luczo and former Palo Alto Networks chief executive Mark McLaughlin were named. The company said the funding would accelerate adoption of its Network Cloud software, which lets communications service providers build carrier-grade routing on standard white-box hardware and merchant silicon, scaling capacity in a cloud-like model instead of buying monolithic routers. At the time DriveNets employed around 150 people and planned further hiring. DriveNets is headquartered in Ra'anana, Israel. It was founded in 2015 by Ido Susan, co-founder of Intucell, which Cisco acquired for USD 475 million, and Hillel Kobrinsky, founder of Interwise, which AT&T acquired for USD 121 million. |
Who has invested in DriveNets?
15 investors have backed DriveNets across its funding rounds, including Bessemer Venture Partners, Pitango VC, D1 Capital Partners, Atreides Management, Harel Hamishmar and Samsung Ventures.
Lead investors include Atreides Management, Bessemer Venture Partners, AT&T, D2 Investments, D1 Capital Partners and 4 other investors.
DriveNets Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2019 | ||
| 4 | Lead | Feb 2019 | ||
| 3 | Lead | Jan 2021 | ||
| 3 | Lead | Jan 2021 | ||
| 2 | Participant | Jan 2021 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Feb 2019 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Lead | Jul 2019 | ||
This data is available for Pro users. Sign up to see all 15 DriveNets investors. Start Free Trial | ||||
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Start Free TrialDriveNets Competitors
DriveNets competitors include listed companies like MiniMax Group and IonQ, and private ones like Together AI, Legora, World Labs and Tanium.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $8.3B | - | ||
| Private | $200M | - | $8.8B | 44.0x | ||
| Private | - | - | $8.2B | - | ||
| Private | $600M | - | $9B | 15.0x | ||
| Publicly listed | $79M | ($1.9B) | $7.2B | - | ||
| Publicly listed | $130M | ($531M) | $13B | 27.5x |
DriveNets Public Comps
DriveNets is still privately-owned, but its public comps include TIM Brasil, KT, Indoritel, INWIT, MiniMax Group, Dycom Industries, Indus Towers, Presight AI, FiberHome and IonQ.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.9B | $2.4B | 2.2x | 2.1x | 4.4x | 4.0x | |||
| $21B | $4.8B | 0.7x | 0.7x | 2.9x | 3.2x | |||
| $94M | - | 86.6x | - | - | - | |||
| $1.2B | $1.1B | 11.2x | 11.2x | 12.5x | 12.4x | |||
| $79M | ($1.9B) | 77.1x | - | (3.2x) | - | |||
| $5.5B | $704M | 1.7x | 1.4x | 13.6x | 9.6x | |||
| $3.4B | $1.9B | 3.5x | 3.3x | 6.1x | 6.1x | |||
| $825M | $214M | 6.0x | 4.9x | 23.0x | 19.1x | |||
This data is available for Pro users. Sign up to see all DriveNets competitors and their valuation data. Start Free Trial | ||||||||
Common questions about DriveNets
| When was DriveNets founded? | DriveNets was founded in 2015. |
| Where is DriveNets headquartered? | DriveNets is headquartered in Ra'anana, Israel. |
| Is DriveNets publicly listed? | No, DriveNets is a private, VC-backed company. |
| What is DriveNets' valuation? | DriveNets was last valued at $8.5B in its Series D in May 2026. |
| How much funding has DriveNets raised? | DriveNets has raised $997M across 5 funding rounds. |
| What was DriveNets' last funding round? | DriveNets' last funding round was a $410M Series D in May 2026, led by Atreides Management and Bessemer Venture Partners. |
| Who are DriveNets' investors? | DriveNets' investors include Pitango VC, Bessemer Venture Partners, Atreides Management, D1 Capital Partners, Harel Hamishmar, C4 Ventures, AMD, Poalim Equity, Samsung Ventures, D2 Investments and 5 others. |
| What is DriveNets' revenue? | DriveNets' latest recorded revenue is $75M (January 2021). |
| What is DriveNets' revenue multiple? | DriveNets' latest valuation implies a 13.3x revenue multiple ($1B valuation on $75M of revenue). |
| Which companies are comparable to DriveNets? | Companies comparable to DriveNets include Together AI, Legora, World Labs, Tanium, MiniMax Group and IonQ. |
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