DriveNets Ltd.

DriveNets Ltd. provides innovative cloud-native routing solutions for telecommunications, enhancing network performance and scalability through software-defined infrastructure. Founded in 2015 in Ra'anana, Israel, DriveNets specializes in cloud-native networking solutions that enhance telecommunications infrastructures. The company, founded by Ido Susan, has raised a total of USD 262 mn through 4 investment rounds, with the latest being a Series C in August 2022 led by D2 Fund.

DriveNets operates globally with key clients including Orange, Cox, and Telefónica. DriveNets specializes in providing a software-based, cloud-native routing solution designed for core, aggregation, peering, and edge networks. Their primary product, known as DriveNets Network Cloud, operates on a shared infrastructure comprising standard networking white boxes, allowing for enhanced scalability and performance. This Ethernet-based AI networking solution is engineered to support high-performance AI workloads at scale, maximizing GPU utilization and minimizing job completion times.

DriveNets serves a diverse client base, including major telecommunications companies and service providers across North America, Europe, and Asia. DriveNets generates revenue through strategic partnerships and subscription-based services, which facilitate the deployment and management of its cloud-native networking solutions. The company's business model predominantly centers around B2B transactions, where telecommunications firms license DriveNets' technology to modernize their network architectures. Clients typically enter into multi-year contracts, enabling them to leverage DriveNets' flagship products while benefiting from ongoing support and updates.

The flexible revenue model is designed to cater to the dynamic requirements of their clients in the telecommunications industry. In August 2022, DriveNets Ltd. raised USD 262 mn in Series C funding to support market expansion and product development. The company aims to enhance its product offerings and plans to enter new markets across North America, Europe, and Asia.

This funding will be crucial for developing upcoming products, designed to further optimize network performance and meet the evolving requirements of their clients.