DriveNets secures 410 million dollars in funding
The Israeli networking software firm DriveNets has raised 410 million dollars in a funding round led by Bessemer Venture Partners and Atreides Management. The company plans to use the capital to expand its AI infrastructure capabilities as total funding reaches 1 billion dollars.
DriveNets, an Israeli networking software firm, raised $410 million in its latest funding round, bringing total capital raised to $1 billion. The round was led by Bessemer Venture Partners and Atreides Management. The funding enables the firm to scale AI infrastructure as network performance becomes a primary driver of AI economics.
### Scaling AI Infrastructure with Off-the-Shelf Hardware DriveNets will use the $410 million to meet rising demand for large-scale AI workloads. DriveNets provides software that allows data centers and telecommunications operators to manage networks using standard hardware instead of costly proprietary systems, delivering high-speed connectivity solutions.
