Israeli networking software co DriveNets raises $208m The company, which allows service providers to build networks with higher capacity and scale, at a much lower cost, raised the money at a valuation of over $1 billion. Israeli networking software company DriveNets announced today that it has completed a $208 million Series B financing round at a valuation of more than $1 billion. The round was led by new investor D1 Capital Partners with significant follow-on investments from Bessemer Venture Partners and Pitango as well as new investor Atreides Management. The company, which was chosen as "Globes" startup of the year in 2019, has raised $325 million to date, after a $110 million financing round two years ago. DriveNets has 320 employees at offices in Israel, the US, Japan and Romania, and the new funds will allow the company to open more offices worldwide and enter new markets.