Media Coverage

DriveNets, a company out of Israel that builds cloud-based networking services that provide a cheaper and simpler alternative to the functions of traditional routers in carrier networks, has raised $110 million led by Bessemer Venture Parters and Pitango Growth, with participation also from other investors that are not being named.

The company is not disclosing its valuation but we understand from a source close to the company that it’s “several hundred million”, which could be anything between $300 million and $500 million; my educated guess for this round is around $400 million.

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