DriveNets Ltd.

Based in Ra'anana, Israel, founded in 2015, DriveNets specializes in cloud-native networking solutions that enhance telecommunications infrastructures. The company was co-founded by Ido Susan (CEO as of 2026) and Hillel Kobrinsky. In June 2026, DriveNets Ltd. raised USD 410 million in series D funding co-led by Bessemer Venture Partners and Atreides Management, with participation from Pitango, D1 Capital Partners, New investors AMD Ventures, Red Dot Capital.

The Series D funding values DriveNets Ltd. at USD 8. 5 billion post-money. 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. The company plans to use the June 2026 funding to expand its artificial intelligence infrastructure business, increase platform capacity for large-scale deployments, and meet rising demand for artificial intelligence infrastructure.