An Israeli networking software company announced Monday it has completed a $410 million funding round, bringing its total fundraising to $1 billion since inception.
DriveNets said the investment was spearheaded by Bessemer Venture Partners and Atreides Management. AMD and Red Dot Capital came aboard as fresh investors, while current backers Pitango and D1 Capital Partners continued their support.
According to CEO Ido Susan, the funding will help the company address rapidly growing demand for large-scale artificial intelligence infrastructure solutions.
The company chose not to reveal its current valuation following this investment round and did not respond immediately to requests for additional details.
Venture capital has been flowing heavily into AI infrastructure companies in recent years, allowing these firms to grow while avoiding the ups and downs of public stock markets.
The company’s technology enables telecommunications companies and data centers to create and operate networks using standard, commercially available equipment instead of expensive specialized systems. This approach supports both high-speed connections and AI processing needs.
Since its establishment in 2015, DriveNets has formed partnerships with technology company Broadcom, Japan’s Fujitsu, and Indian IT services company Wipro.
Charlie Kawwas, president of Broadcom’s semiconductor solutions group, commented on the significance of network performance in AI development.
“As AI systems reach unprecedented scale, the performance of the underlying network fabric has become a primary driver of AI economics,” Kawwas said.
