{"id":470649,"date":"2026-06-01T12:55:22","date_gmt":"2026-06-01T12:55:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/470649\/"},"modified":"2026-06-01T12:55:22","modified_gmt":"2026-06-01T12:55:22","slug":"drivenets-raises-410-million-as-ai-boom-pushes-valuation-to-8-5-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/470649\/","title":{"rendered":"DriveNets raises $410 million as AI boom pushes valuation to $8.5 billion"},"content":{"rendered":"

Communications company DriveNets has raised $410 million in a fourth funding round at a valuation of $8.5 billion, reflecting a significant increase in the company\u2019s value. Total investment in DriveNets since its inception now stands at approximately $1 billion.<\/p>\n

DriveNets develops networking solutions that improve the performance of end-to-end AI infrastructure for telecommunications providers, leading AI companies, and cloud operators building and managing large-scale systems. <\/p>\n

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1 View gallery <\/p>\n

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DriveNets founders Ido Susan and Hillel Kobrinsky. <\/p>\n

(Photos: Doron Letzter)<\/p>\n

The company says it is cash-flow positive, with more than $1 billion in orders and project backlog. Its technology is based on standard infrastructure combined with proprietary software layers that enable high-performance scaling across massive AI compute clusters.<\/p>\n

The new investment will support the expansion of DriveNets\u2019 AI infrastructure business, increase platform capacity for large-scale deployments, and help meet growing demand expected in 2026 and 2027 amid rapid global investment in AI infrastructure.<\/p>\n

The company is also exploring a potential secondary transaction later this year.<\/p>\n

The funding round was led by Bessemer Venture Partners and Atreides Management, alongside existing investors Pitango and D1 Capital Partners, strategic investor AMD, and new investor Red Dot Capital Partners.<\/p>\n

Last July, American telecommunications giant AT&T acquired shares from employees and investors of DriveNets for $650 million.<\/p>\n

DriveNets was founded by Ido Susan (CEO) and Hillel Kobrinsky (chief strategy officer). Susan previously founded Intucell, which was acquired by Cisco in 2013 for $475 million after raising just $6 million.<\/p>\n

AT&T has long been a major customer of DriveNets, whose Network Cloud solution has already been widely deployed in the core network of the U.S. telecom giant. AT&T\u2019s investment enabled the company\u2019s employees, founders, and investors, such as the Israeli venture capital firm Pitango and the American firm Bessemer, to realize a return on their investment. Other beneficiaries included the company\u2019s founders, led by CEO Ido Susan.<\/p>\n","protected":false},"excerpt":{"rendered":"Communications company DriveNets has raised $410 million in a fourth funding round at a valuation of $8.5 billion,…\n","protected":false},"author":2,"featured_media":470650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":["post-470649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/470649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=470649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/470649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/470650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=470649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=470649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=470649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}