Media Coverage

This Founder Sold A Startup To Cisco For $475 Million. Now He’s Raised $110 Million To Take It On

Media CoverageFebruary 14, 2019

This Founder Sold A Startup To Cisco For $475 Million. Now He’s Raised $110 Million To Take It On

Israeli entrepreneur Ido Susan scored the windfall of a lifetime when he and his cofounder sold their mobile startup Intucell to Cisco for $475 million. Six years later, Susan is reappearing on the startup scene with a company already valued at more than that sum—and an idea that could someday pose an existential threat to his former acquirer.

DriveNets announced on Thursday that it had raised $110 million in Series A funding from Bessemer Venture Partners and Pitango Growth. For Israel-based DriveNets, which was founded in 2015 and has remained in “stealth mode” until now, the funding values the startup at more than $500 million, according to a source familiar with the raise.

Read More…

 

Subscribe
to our newsletter

Sign up to get the latest news and insights.

Market Momentum of Disaggregated Routing

Traditional integrated router chassis struggle to meet the innovation, performance and cost requirements of their leading...

Read more
Opening up to Network Disaggregation with DriveNets and KGPCo

In a survey conducted by Heavy Reading this month, nearly half of CSPs predict their companies...

Read more
The Critical Steps to transform Cable Provider Networks in 2021 and Beyond

In the shadow of the pandemic and with surging demand for broadband, cloud and OTT services,...

Read more