Media Coverage

DriveNets nabs $208M at a $1B+ valuation for its cloud-based alternative to network routers

Media CoverageJanuary 27, 2021

DriveNets nabs $208M at a $1B+ valuation for its cloud-based alternative to network routers

DriveNets — which provides software-based routing solutions to service providers that run them as virtualized services over “white box” generic architecture — has closed $208 million in funding, a Series B that values the company at over $1 billion post-money. The plan will be to use the funding to continue building out the business internationally and to tailor it to more use cases beyond carriers, including the wave of bigger companies that stream large amounts of media and have some control over their networks as a result.

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