About DriveNets
DriveNets is a company based in Ra'anana (Israel) founded in 2015 by Hillel Kobrinsky and Ido Susan.. DriveNets has raised $587 million across 4 funding rounds from investors including Bessemer Venture Partners, Harel Group and D2 Fund. DriveNets offers products and services including Network Cloud and AI Networking Fabric. DriveNets operates in a competitive market with competitors including Rtbrick, 128 Technology, Traefik, Packet Design and Volta Networks, among others.
- Headquarter Ra'anana, Israel
- Founders Hillel Kobrinsky, Ido Susan
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$587 M (USD)
in 4 rounds
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Latest Funding Round
$262 M (USD), Series C
Aug 17, 2022
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
Employee Count
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Products & Services of DriveNets
DriveNets offers a comprehensive portfolio of products and services, including Network Cloud and AI Networking Fabric. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software-based solution for core and edge network routing
Ethernet-based networking for high-performance AI workloads
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Funding Insights of DriveNets
DriveNets has successfully raised a total of $587M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $262 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $262.0M
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First Round
First Round
(14 Feb 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series C - DriveNets | Valuation | D2 Fund | |
| Jan, 2021 | Amount | Series B - DriveNets | Valuation | Atreides Management , C4 Ventures | |
| Jul, 2019 | Amount | Series A - DriveNets | Valuation | C4 Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DriveNets
DriveNets has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Harel Group and D2 Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided for capital-efficient B2B software companies.
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DriveNets
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DriveNets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drivenets Comparisons
Competitors of DriveNets
DriveNets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rtbrick, 128 Technology, Traefik, Packet Design and Volta Networks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Disaggregated routing software is provided for telecommunication companies.
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| domain | founded_year | HQ Location |
Cloud-based platform for distributed routing and network services is provided.
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| domain | founded_year | HQ Location |
Cloud-based routing software is provided for microservices deployment.
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| domain | founded_year | HQ Location |
IP network route analytics, monitoring, and planning solutions are provided.
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| domain | founded_year | HQ Location |
SDN-based network management solutions are delivered to business customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drivenets
Frequently Asked Questions about DriveNets
When was DriveNets founded?
DriveNets was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is DriveNets located?
DriveNets is headquartered in Ra'anana, Israel. It is registered at Ra'anana, Central District, Israel.
Who is the current CEO of DriveNets?
Ido Susan is the current CEO of DriveNets. They have also founded this company.
Is DriveNets a funded company?
DriveNets is a funded company, having raised a total of $587M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Feb 14, 2019.
What does DriveNets do?
DriveNets was founded in 2015 in Raanana, Israel, within the telecommunications sector. Cloud-native disaggregated routing solutions are offered to communications service providers through the Network Cloud platform. A comprehensive routing stack, data path control, and central management features are included, along with standard northbound interfaces for third-party integrations. The core components consist of the DriveNets Network Operating System (DNOS) and the DriveNets Network Orchestrator (DNOR), supporting scalable network operations.
Who are the top competitors of DriveNets?
DriveNets's top competitors include Rtbrick, 128 Technology and Traefik.
What products or services does DriveNets offer?
DriveNets offers Network Cloud and AI Networking Fabric.
Who are DriveNets's investors?
DriveNets has 10 investors. Key investors include Bessemer Venture Partners, Harel Group, D2 Fund, Pitango, and Atreides Management.
What is DriveNets's valuation?
The valuation of DriveNets is $2.5B as of Aug 2022.
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