DriveNets Stock
Software-based Routing Solutions.
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About DriveNets Stock
DriveNets is a software company that drives and leads the next generation networks with its network cloud solution. Its cutting edge technology and Network Cloud solution has created a paradigm shift in the economy of networks. With smart and super high-performance bit processing on merchant silicon and commodity hardware, we enable new revenue opportunities as well as lower costs and sustainable growth for our customers, even as Internet usage explodes.
Investors
Atreides Management, LP
goPuff, Carbon Health, Druva, DriveNets, Mythic, Eight Sleep
Bessemer Venture Partners
Swiggy, PharmEasy, BigBasket, Pinterest, Snapdeal, Sila Nanotechnologies, ServiceTitan, Toast, Hinge Health, Box
C4 Ventures
Via, Graphcore, DriveNets, Formlabs, Foursquare, Tulip Interfaces
D1 Capital Partners
goPuff, Instacart, Anduril Industries, Lacework, Bolt, Scopely, Faire, Fivetran, Unity Technologies, Attentive
Pitango Venture Capital
Via, Graphcore, eToro, DriveNets, ForeScout Technologies, Formlabs, AppsFlyer, Tomorrow.io, Zerto, Tulip Interfaces
Samsung Ventures
Swiggy, RentoMojo, Noom, Plume Design, Niantic, SiFive, DriveNets, StoreDot, Pivot3, Yellowbrick Data
Funding History
| February 2019 | $110M |
|---|---|
| July 2019 | $7.0M |
| January 2021 | $208M |
Management
Chief Executive Officer
Ido Susan
Chief Financial Officer
Mike Lilo
Press
forbes - Jun, 12 2023
With 52% Of AT&T’s Traffic, DriveNets Aims At AI Networkingprnewswire - Jun, 8 2023
KDDI Deploys DriveNets Network Cloud: The First TIP DDBR-Compliant Deployment and First Disaggregated, Cloud-Native IP Infrastructure Deployed in Japanprnewswire - May, 23 2023
DriveNets Introduces Highest-Performance Ethernet Solution for AI Networkingfiercewireless - Mar, 6 2023
AT&T champions DriveNets cloud networking softwareift - Jan, 27 2023
52% of AT&T's Core Network Traffic Powered by DriveNetsprnewswire - Dec, 8 2022
DriveNets Wins 2022 Company of the Year Award by Leading Lightsprnewswire - Sep, 20 2022
DriveNets Expands its Network Cloud Ecosystem with Leading ZR/ZR+ Optics Solutionslightreading - Sep, 2 2022
DriveNets co-founder on the white box way to lower TCOnews - Aug, 19 2022
The Week’s 10 Biggest Funding Rounds: Bill Gates’ TerraPower Fuels Week With Huge Round, Biotech Startups Surgeift - Aug, 17 2022
Israeli networking software co DriveNets raises $262mcalcalistech - Aug, 17 2022
DriveNets secures $262 million Series C at over $2.5 billion valuationfinsmes - Aug, 17 2022
DriveNets Raises $262M in Series C FundingTechCrunch - Aug, 17 2022
DriveNets connects with $262M as demand booms for its cloud-based alternative to network routersnews - Aug, 17 2022
DriveNets, HiBob Raise Huge Rounds As Funding To Israel-based Startups Remains Hotprnewswire - Aug, 17 2022
DriveNets Secures $262 Million in Series C Funding to Continue Disrupting the Telecommunications and Cloud Infrastructure Industrythe-mobile-network - Aug, 17 2022
DriveNets nets $262 million VC fundingprnewswire - Jun, 29 2022
DriveNets adds Cloud and Networking Industry Veterans to Leadership Teamprnewswire - Jun, 8 2022
DriveNets Named Leader, Outperformer in 2022 GigaOm Radar for Network Operating Systemsprnewswire - Mar, 25 2022
The Telecom Infra Project (TIP) Awards DriveNets Network Cloud with Excellence Ribbon for Implementing the Disaggregated Distributed Backbone Routing Solutiontelecompaper - Jan, 18 2022
EPS Global, DriveNets partner to speed adoption of cloud-native networkingprnewswire - Nov, 19 2021
LG U+ Completes a Successful Trial of DriveNets Network Cloud Solution on its Core Networkprnewswire - Nov, 11 2021
Open Compute Project (OCP) Accepts a DriveNets' Proposed Network Sustainability Model, Enabled by Cloud Architectureprnewswire - Nov, 10 2021
Wipro Partners with DriveNets to Accelerate Innovation for Communication Service Providersen - Sep, 10 2021
DriveNets: Heavy Reading Survey of Network Operators Finds Only 7% Fully Satisfied with Incumbent Networking Vendorsprnewswire - Jul, 13 2021
DriveNets expands presence in Asia Pacific to support the growing momentum of its Network Cloudeweek - Mar, 23 2021
How DriveNets Delivers Promise of Network Disaggregationnews - Feb, 2 2021
Investors May Be Speeding To 5Gaithority - Jan, 28 2021
DriveNets Raises $208 Million Funding to Build the Network Cloud Infrastructure of the FutureTechCrunch - Jan, 27 2021
DriveNets nabs $208M at a $1B+ valuation for its cloud-based alternative to network routersfiercetelecom - Jan, 27 2021
DriveNets' Series B investment round pushes it into unicorn stratosphereventurebeat - Jan, 27 2021
DriveNets wants software to replace networking hardware, raises $208 millioncalcalistech - Jan, 27 2021
DriveNets raises $208 million in series B round, attains unicorn statusdlvr - Jan, 27 2021
27 Jan DriveNets, a unicorn, finds more funding among the network clouds | Light Readingfiercetelecom - Nov, 10 2020
DriveNets drives disaggregation with new orchestrator for cloud-native networksdlvr - Nov, 10 2020
10 Nov DriveNets debuts DNOR 2.0 | Light Readingaithority - Sep, 29 2020
AT&T Deploys DriveNets Network Cloud in Their Next-Gen Corefiercetelecom - Sep, 26 2020
DriveNets tunes in DDC in a live TV test with European Tier 1 service providerlightreading - Oct, 1 2019
Why AT&T's Latest Open Source Contribution Mattersfiercetelecom - Sep, 28 2019
DriveNets lays claim to being the first to market with OCP DDC routing modelbusinessinsider - Jul, 10 2019
This Israeli founder sold his first company to Cisco for $475 million when he was 26. Now he's raised $117 million from a who's who of US angel investors to take Cisco on.calcalistech - Jul, 10 2019
Microsoft Chairman Among Investors in Telecommunication Startup Drivenetsfiercetelecom - Jul, 10 2019
DriveNets announces key investors for its $117M round of fundinglightreading - Jul, 9 2019
DriveNets Adds $7M Funding from Microsoft, Seagate & Palo Alto Networks Vetsfinsmes - Jul, 9 2019
DriveNets Raises $117M in Series A Fundingthefastmode - Feb, 19 2019
Telco Startup Firm DriveNets Raises $110M in Fundingthefastmode - Feb, 19 2019
Telco Startup Firm DriveNets Raises $110M in Fundingsdxcentral - Feb, 17 2019
DriveNets Pockets $110M to Pave Software Disaggregation Pathpehub - Feb, 15 2019
DriveNets nets $110 mlnEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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