Media Coverage

DriveNets secures $262 million Series C at over $2.5 billion valuation

Media CoverageAugust 17, 2022

DriveNets secures $262 million Series C at over $2.5 billion valuation

DriveNets, which develops cloud-native networking solutions, announced on Wednesday that it has secured $262 million in a Series C funding round, considerably increasing the company’s valuation over its January 2021 Series B round. The company didn’t reveal its exact valuation, but Calcalist has learned that it is over $2.5 billion.

The round was led by D2 Investments with the participation of DriveNets’ current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, and Harel Insurance Investments & Financial Services.

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