DriveNets
{{Short description|Software company}}
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{{Infobox company
| name = DriveNets
| logo = DriveNet's logo.png
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| type = Private company
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| industry = Telecommunications
| founded = {{Start date and age|df=yes|2015}}Matt Hamblen (February 15, 2019). [https://www.sdxcentral.com/articles/news/drivenets-pockets-110m-to-pave-software-disaggregation-path/2019/02/ DriveNets Pockets $110M to Pave Software Disaggregation Path]. SDxCentral.
| founders = {{ubl|Ido Susan|Hillel Kobrinsky}}Alex Konrad (February 14, 2019). [https://www.forbes.com/sites/alexkonrad/2019/02/14/drivenets-raises-110-million/?sh=4f09eeb3490d This Founder Sold A Startup To Cisco For $475 Million. Now He's Raised $110 Million To Take It On]. Forbes.
| hq_location_city = Ra'anana
| hq_location_country = IsraelRickey Ben-David (August 17, 2022). [https://www.timesofisrael.com/israeli-startup-drivenets-secures-262m-for-cloud-networking-software/ Israeli startup DriveNets secures $262m for cloud networking software]. The Times of Israel.
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| area_served = Worldwide
| key_people = Ido Susan (CEO)
Hillel Kobrinsky (CSO)Yasmin Yablonko (February 15, 2019). [https://en.globes.co.il/en/article-israeli-telco-network-software-co-drivenets-raises-110m-1001273387 Israeli telco network co DriveNets raises $110m]. Globes.
| products = Network operating system, Software-defined networking
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| num_employees = 450Meir Orbach (August 17, 2022). [https://www.calcalistech.com/ctechnews/article/by788nca9 DriveNets secures $262 million Series C at over $2.5 billion valuation]. Calcalist.
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| website = {{URL|www.drivenets.com}}
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DriveNets is a software company, vendor of a network infrastructure platform
Linda Hardesty (August 17, 2022). [https://www.fiercetelecom.com/telecom/drivenets-secures-262m-series-c-funding DriveNets secures $262M in Series C funding]. Fierce Telecom. that runs over a physical infrastructure consisting of white boxes.Maria Deutscher (August 17, 2022). [https://siliconangle.com/2022/08/17/networking-startup-drivenets-raises-262m-new-funding/ Networking startup DriveNets raises $262M in new funding]. Silicon Angle. Founded in 2015 by industry veterans Ido Susan and Hillel Kobrinsky.
History
DriveNets was founded in 2015 by Ido Susan and Hillel Kobrinsky. Susan is the co-founder of Intucell, which he sold to Cisco for $475 million in 2013.Alyson Shontell (January 23, 2013). [https://www.businessinsider.com/cisco-buys-4-year-old-israeli-startup-intucell-for-475-million-2013-1 Cisco Buys 4-Year-Old Israeli Startup Intucell For Half A Billion Dollars]. Business Insider. Kobrinsky co-founded Interwise, which was acquired by AT&T for $121 million.Shmulik Shelah (October 1, 2007). [https://en.globes.co.il/en/article.aspx?did=1000259198 AT&T buys Israeli web-conferencing co Interwise]. Globes. DriveNets was in a stealth modeIngrid Lunden (February 14, 2019). [https://techcrunch.com/2019/02/14/drivenets-emerges-from-stealth-with-110m-for-its-cloud-based-alternative-to-network-routers/ DriveNets emerges from stealth with $110M for its cloud-based alternative to network routers]. TechCrunch. and was self-funded until 2019.(February 15, 2019). [https://www.haaretz.com/israel-news/business/2019-02-15/ty-article/israeli-software-firm-drivenets-raises-110-million-in-first-round-of-financing/0000017f-e134-df7c-a5ff-e37ef8b50000 Israeli Software Firm DriveNets Raises $110 Million in First Round of Financing]. Reuters/ Haaretz. In 2019, DriveNets raised $110 million in series A round from Bessemer Venture Partners and Pitango Growth, along with John W. Thompson and Stephen J. Luczo.(July 8, 2019). [https://en.globes.co.il/en/article-drivenets-expands-financing-round-to-117m-1001292759 DriveNets expands financing round to $117m]. Globes. In 2021, DriveNets raised $208 million in series B funding led by D1 Capital Partners with follow-on investments from Bessemer and Pitango and investment by Harel Insurance.Meir Orbach (January 27, 2021). [https://www.calcalistech.com/ctech/articles/0,7340,L-3889911,00.html DriveNets raises $208 million in series B round, attains unicorn status]. Calcalist. In August 2022, DriveNets announced it completed Series C funding of $262 million led by D2 Investments, along with former investors Bessemer, D1 Capital, Pitango and Atreides Management and Harel Insurance.Ingrid Lunden (August 17, 2022). [https://techcrunch.com/2022/08/17/drivenets-connects-with-262m-as-demand-booms-for-its-cloud-based-alternative-to-network-routers/ DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers]. TechCrunch. The company's estimated value was $2.5 billion,(August 18, 2022). [https://jewishbusinessnews.com/2022/08/18/drivenets-hits-2-5-billion-valuation-with-262-million-raise/ DriveNets Hits $2.5 Billion Valuation with $262 Million Raise]. Jewish Business News. after raising total sum of $587 million.Keith Dyer (August 17, 2022). [https://the-mobile-network.com/2022/08/drivenets-nets-262-million-vc-funding/ DriveNets nets $262 million VC funding]. The Mobile Network.
The company has 450 employees at offices in Israel, Romania, Japan and USA.Idan Ben Tovim (August 17, 2022). [https://www.geektime.com/another-israeli-startup-just-raised-262m/ No crisis here: This Israeli startup has raised more than a quarter billion dollars]. Geektime. The company has about 100 customers, including AT&T Omri Zerachovitz (September 29, 2020). [https://en.globes.co.il/en/article-att-deploys-drivenets-core-routing-solution-1001343975 AT&T deploys DriveNets core routing solution]. Globes. and KDDI.Ruti Levy (August 17, 2022). [https://www.themarker.com/technation/2022-08-17/ty-article/.premium/00000182-a677-d14a-abfb-f7f709380000 Valued more than 2 billion dollars, Susan and Kobrinsky DriveNets', raised 262 million dollars in series c funding round]. TheMarker. Among its partners are Fujitsu, Broadcom Inc.,(August 17, 2022). [https://www.reuters.com/article/idUSL4N2ZT2CP Israel's DriveNets raises $262 million in new funding round]. Reuters. Itochu Techno-Solutions, Wipro, KGPCo and EPCglobal.(August 17, 2022). [https://en.globes.co.il/en/article-israeli-networking-software-co-drivenets-raises-262m-1001421729 Israeli networking software co DriveNets raises $262m]. Globes.
In November 2023, DriveNets joined the Ultra Ethernet Consortium, an industry effort to build optimal Ethernet for high-performance networking.{{Cite web |last=Buckley |first=Sean |date=2023-11-27 |title=DriveNets becomes a member of the Ultra Ethernet Consortium |url=https://www.lightwaveonline.com/home/article/14301881/drivenets-becomes-a-member-of-the-ultra-ethernet-consortium |access-date=2023-12-14 |website=Lightwave}}{{Cite web |last=Shilov |first=Anton |title=Ultra Ethernet Consortium Formed, Plans to Adapt Ethernet for AI and HPC Needs |url=https://www.anandtech.com/show/18965/ultra-ethernet-consortium-to-adapt-ethernet-for-ai-and-hpc-needs |access-date=2023-12-14 |website=www.anandtech.com}}
Technologies
DriveNets markets a scalable network operating system (NOS) based on a cloud.Joe Stanganelli (February 15, 2019). [https://www.fiercetelecom.com/telecom/israeli-telecom-software-firm-drivenets-emerges-from-stealth-110m Israeli telecom-software firm DriveNets emerges from stealth with $110M], Fierce Telecom. The network cloud architecture creates a software routing framework that can grow linearly to a large scale from a centralized cloud.(February 1, 2021). [https://www.jpost.com/israel-news/israeli-unicorn-start-up-drivenets-raises-208-million-in-funding-657393 Israeli unicorn start-up DriveNets raises $208 million in funding]. The Jerusalem Post. The company leverages Telco-hierarchy cloud design principles such as containerized microservices, shared facilities, and inexpensive white boxes.Meir Orbach and Hagar Ravet (April 28, 2020) . [https://www.calcalistech.com/ctech/articles/0,7340,L-3812230,00.html 50 Most Promising Israeli Startups 2020 - Covid-19 Edition]. Calcalist. Another product that the company sells is a network operating system that relies on Ethernet to connect AI-optimized systems in a distributed cluster. The approach applies the Open Compute Project Distributed Disaggregated Chassis architecture, which enables AI clusters to scale at an adequate performance while keeping JCT low. Peter Cohan (June 12, 2023). [https://www.forbes.com/sites/petercohan/2023/06/12/with-52-of-atts-traffic-drivenets-aims-at-ai-networking/?sh=11a03e436caf With 52% Of AT&T’s Traffic, DriveNets Aims At AI Networking]. Forbes.