DriveNets Raises $410 million in Fourth Funding Round

DriveNets develops networking technology that helps telecommunications companies, AI businesses, and cloud service providers build and manage large-scale systems more efficiently.

Its solutions improve the speed, performance, and reliability of AI infrastructure and network operations, helping organizations run their systems more effectively.

The company says it is generating enough revenue to support its operations and is currently cash-flow positive. It also has more than $1 billion worth of confirmed orders and ongoing projects.

Its technology combines standard hardware infrastructure with its own specialized software, allowing large AI computing systems to grow efficiently while maintaining high performance.

The new funding will help DriveNets grow its AI infrastructure business and increase the capacity of its platform for large-scale projects. It will also help the company meet the rising demand expected in 2026 and 2027 as businesses around the world continue to invest heavily in AI infrastructure.

AT&T has been one of DriveNets’ biggest customers for many years. The company’s Network Cloud technology is already widely used in AT&T’s core network across the United States.

AT&T’s investment allowed DriveNets employees, founders, and investors to earn returns on their investments. Beneficiaries included investors such as Pitango and Bessemer Venture Partners, as well as the company’s founders led by Ido Susan.

DriveNets was founded by Ido Susan and Hillel Kobrinsky. Before starting DriveNets, Susan founded Intucell, which was acquired by Cisco in 2013 for $475 million. Intucell had raised only $6 million in funding before the acquisition, making it a highly successful startup exit.

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