{"id":471375,"date":"2026-06-01T22:52:19","date_gmt":"2026-06-01T22:52:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/471375\/"},"modified":"2026-06-01T22:52:19","modified_gmt":"2026-06-01T22:52:19","slug":"drivenets-secures-410-million-in-latest-funding-round-amd-joins-as-investor","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/471375\/","title":{"rendered":"DriveNets secures $410 million in latest funding round, AMD joins as investor"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">June 1 (Reuters) &#8211; DriveNets, an Israeli networking software firm, said it has raised $410 million in \u200cits latest funding round led by Bessemer \u200cVenture Partners and Atreides Management, taking its total capital-raise so far \u200bto $1 billion.<\/p>\n<p class=\"yf-1fy9kyt\">New investors AMD and Red Dot Capital joined the round, while existing investors Pitango and D1 Capital Partners also participated. The company would use \u200cthe proceeds to meet \u2060the surging demand for large-scale AI infrastructure, CEO Ido Susan said.<\/p>\n<p class=\"yf-1fy9kyt\">DriveNets did not \u2060disclose the valuation secured after the latest funding. It did not immediately respond to a Reuters request \u200bfor comment \u200bseeking the detail.<\/p>\n<p class=\"yf-1fy9kyt\">Companies providing \u200bAI infrastructure have attracted \u200csignificant venture capital in recent years, enabling them to expand without exposure to public market volatility.<\/p>\n<p class=\"yf-1fy9kyt\">DriveNets allows telecommunications operators and data centers to build and manage networks using standard, off-the-shelf hardware, rather than \u200ccostly proprietary systems. Its technology \u200bsupports high-speed connectivity and AI \u200bworkloads.<\/p>\n<p class=\"yf-1fy9kyt\">Founded in 2015, \u200bits partners include tech firm Broadcom, Japan&#8217;s \u200cFujitsu and Indian IT services \u200bprovider Wipro.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;As \u200b<a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:AI systems;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;AI systems&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">AI systems<\/a> reach unprecedented scale, the performance of the underlying network fabric has become a \u200bprimary driver of \u200cAI economics,&#8221; said Charlie Kawwas, president, semiconductor \u200bsolutions group, Broadcom.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Pritam Biswas in Bengaluru; \u200bEditing by Shilpi Majumdar)<\/p>\n","protected":false},"excerpt":{"rendered":"June 1 (Reuters) &#8211; DriveNets, an Israeli networking software firm, said it has raised $410 million in \u200cits&hellip;\n","protected":false},"author":2,"featured_media":471376,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[70480,114,219084,27811,85,46,219085,219083],"class_list":["post-471375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bessemer-venture-partners","tag-business","tag-d1-capital-partners","tag-funding-round","tag-il","tag-israel","tag-pitango","tag-red-dot-capital"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/471375","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=471375"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/471375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/471376"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=471375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=471375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=471375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}