DriveNets raises $410M, with AMD joining as investor

Key facts

• DriveNets secured $410 million in its latest funding round.
• AMD and Red Dot Capital joined as new investors.
• Bessemer Venture Partners and Atreides Management led the round.
• Existing investors Pitango and D1 Capital Partners also participated.
• The company will use the proceeds to meet demand for large-scale AI infrastructure.
• DriveNets' total capital raised to date is $1 billion.

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.