Media Coverage

DriveNets expands financing round to $117M

Media CoverageJuly 8, 2019

DriveNets expands financing round to $117M

Israeli networking software company DriveNets today announced the expansion of its Series A financing round to $117 million with the addition of three new investors: Microsoft chairman John Thompson, Seagate chairman Steve Luczo, and former Palo Alto Networks CEO Mark McLaughlin. Luczo has also joined DriveNets’ Board of Directors.

In February, DriveNets announced it had raised $110 million in its Series A financing round. Key strategic investors include C4 Ventures, the fund created and led by Pascal Cagni, former GM and VP for Apple EMEIA, Doug Gilstrap, former CEO and COO of global data telecom companies and former head of strategy for Ericsson, and Benny Schnaider, a successful Israeli entrepreneur with six successful startup exits to date.

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