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- DriveNets
DriveNets Revenue, Valuation, Funding & Investors
DriveNets is valued at $8.5B as of May 2026, a 34.0x multiple on its last reported $250M revenue.
Last DriveNets valuation
$8.5B
Series D · May 2026
Last DriveNets funding round
$410M
Series D · May 2026
DriveNets revenue
$250M
Series D · May 2026
Key investors in DriveNets
Bessemer Venture Partners
Pitango VC
D1 Capital Partners
Atreides Management
Samsung Ventures
C4 Ventures
About DriveNets
DriveNets is a Ra'anana-headquartered provider of cloud-native IP routing software for telecommunications networks. The company delivers Network Cloud, a disaggregated platform that runs on standard white box servers with merchant silicon, supporting core routing, peering, and edge aggregation. Founded in 2015, DriveNets enables service providers to scale networks beyond 100Tbps per site while reducing costs through open hardware. Its solutions deploy in production for operators like BT in the UK, Telefónica in Spain, and Vivo in Brazil, handling millions of subscribers across five continents. DriveNets integrates with standards such as BGP, EVPN, and Segment Routing, powering 5G, cloud interconnect, and internet exchange points.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$250M (May 2026)
Valuation
$8.5B (May 2026)
DriveNets Valuation
DriveNets is currently valued at $8.5B, based on its Series D in May 2026.
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 | 34.0x |
| Jul 2025 | Secondary | $5B | - |
| Aug 2022 | Series C | $2.5B | - |
| Jan 2021 | Series B | $1B | - |
| Feb 2019 | Series A | $510M | - |
DriveNets Revenue
DriveNets' latest recorded revenue is $250M, as of its Series D in May 2026. At a $8.5B valuation, that implies a 34.0x revenue multiple.
DriveNets revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2026 | $250M | $8.5B | 34.0x | Series D |
* 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 | $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 | - | - |
| Feb 2019 | Series A | Bessemer Venture Partners (lead); Pitango VC (lead); Samsung Ventures | $110M | $510M | - |
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, Samsung Ventures and C4 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 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Feb 2019 | ||
| 1 | Participant | Aug 2022 | ||
| 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 | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDriveNets Competitors
DriveNets competitors include listed companies like MiniMax Group and Presight AI, and private ones like Together AI, Tanium, Reflection.Ai and Glean.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.1B | - | $8.3B | 7.2x | ||
| Private | $600M | - | $9B | 15.0x | ||
| Private | - | - | $8B | - | ||
| Private | $100M | - | $7.2B | 72.0x | ||
| Publicly listed | $79M | ($1.9B) | $11B | - | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x |
DriveNets Public Comps
DriveNets is still privately-owned, but its public comps include Dycom Industries, FiberHome, TIM Brasil, Indoritel, KT, INWIT, Indus Towers, MiniMax Group, Presight AI and Glarun Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.5B | $704M | 2.0x | 1.7x | 16.1x | 11.8x | |||
| $3.7B | $273M | 2.7x | 2.4x | 37.1x | 22.7x | |||
| $5.2B | $2.5B | 2.2x | 2.1x | 4.5x | 4.2x | |||
| $96M | - | 85.5x | - | - | - | |||
| $21B | $4.7B | 0.7x | 0.8x | 3.2x | 3.5x | |||
| $1.2B | $1.1B | 10.6x | 10.6x | 11.8x | 11.7x | |||
| $3.4B | $1.9B | 3.4x | 3.3x | 6.0x | 6.0x | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
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, C4 Ventures, AMD, Poalim Equity, Samsung Ventures, Harel Hamishmar, D2 Investments and 5 others. |
| What is DriveNets' revenue? | DriveNets' latest recorded revenue is $250M (May 2026). |
| What is DriveNets' revenue multiple? | DriveNets' latest valuation implies a 34.0x revenue multiple ($8.5B valuation on $250M of revenue). |
| Which companies are comparable to DriveNets? | Companies comparable to DriveNets include Together AI, Tanium, Reflection.Ai, Glean, MiniMax Group and Presight AI. |
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