DriveNets secured $410 million in a Series D funding round, bringing its total capital raised to $1 billion. AMD and Red Dot Capital joined as new investors, with Bessemer Venture Partners and Atreides Management leading the round. The company will use the funds to meet demand for large-scale AI infrastructure.
This funding round highlights the substantial investment flowing into AI infrastructure, with AMD's participation signaling strategic interest in companies that can support the growth of AI hardware and data centers.
DriveNets, an Israeli networking software firm, has secured $410 million in a Series D funding round, bringing its total capital raised to $1 billion. The round was led by Bessemer Venture Partners and Atreides Management, with new investments from AMD and Red Dot Capital, and participation from existing investors Pitango and D1 Capital Partners. The company plans to use the proceeds to meet the surging demand for large-scale AI infrastructure, particularly for Ethernet Fabric solutions that support open, vendor-neutral, and heterogeneous AI infrastructure. This funding underscores the significant venture capital interest in companies enabling AI expansion.