Media Coverage

Israeli networking software co DriveNets raises $208m

Media CoverageJanuary 27, 2021

Israeli networking software co DriveNets raises $208m

The company, which allows service providers to build networks with higher capacity and scale, at a much lower cost, raised the money at a valuation of over $1 billion.

The company, which was chosen as “Globes” startup of the year in 2019, has raised $325 million to date, after a $110 million financing round two years ago. DriveNets has 320 employees at offices in Israel, the US, Japan and Romania, and the new funds will allow the company to open more offices worldwide and enter new markets.

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