Media Coverage

Telecom DriveNets’ Series B investment round pushes it into unicorn stratosphere

Media CoverageJanuary 27, 2021

Telecom DriveNets’ Series B investment round pushes it into unicorn stratosphere

Israel-based DriveNets announced on Wednesday that it has snagged $208 million in a Series B funding round to bring its valuation to over $1 billion. The latest funding round is further proof that DriveNets’ approach for disaggregating network architectures is finding increased traction with service providers and cloud providers.

The latest investment round was led by new investor D1 Capital Partners with additional investments from existing investors Bessemer Venture Partners and Pitango. New investor Atreides Management also took part in the Series B round.

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