Key facts
- DriveNets secured $410 million in Series D funding.
- The company has raised over $1 billion in total capital.
- The funding will accelerate the development of AI infrastructure solutions.
- The investment aims to meet growing demand for open, multi-vendor, and heterogeneous AI deployments.
DriveNets, a leader in networking solutions, has announced the closing of a $410 million Series D funding round. This latest investment brings the company's total capital raised to over $1 billion. The funds are earmarked to accelerate the development of its infrastructure solutions, specifically designed to address the increasing demand for open, multi-vendor, and heterogeneous architectures in large-scale Artificial Intelligence (AI) deployments. The company's focus is on providing scalable and flexible networking solutions crucial for the burgeoning AI sector.