DriveNets Raises $410M Series D

DriveNets, based in Ra'anana, Israel, has announced a $410 million Series D financing round. The company specializes in large-scale networking solutions for AI infrastructure and telecommunications, bringing its total funding to $1 billion.

Investors

The funding round was led by Bessemer Venture Partners and Atreides Management. Additional participating investors included AMD, Red Dot Capital, Pitango, and D1 Capital Partners.

DriveNets Use of Funds

DriveNets plans to use the capital to scale its inventory to support a growing AI fabric pipeline and to expand its heterogeneous AI infrastructure solutions.

About DriveNets

Founded ten years ago, DriveNets provides a disaggregated networking architecture that maximizes performance and operational efficiency for AI and service provider networks. Their software-based networking solutions, including their Ethernet-based AI fabric, enable high-performance cluster utilization for hyperscalers and enterprises.

Funding Details

Company Website: https://drivenets.com

Company: DriveNets
Raised: $410M
Round: Series D
Funding Date: June 2, 2026
Lead Investor: Bessemer Venture Partners and Atreides Management
Additional Investors: AMD, Red Dot Capital, Pitango, D1 Capital Partners
Company Website: https://www.drivenets.com
Software Category: Networking and AI Infrastructure
Source: https://www.hpcwire.com/off-the-wire/drivenets-raises-410m-series-d-to-scale-ethernet-ai-fabric-and-heterogeneous-ai-infrastructure/