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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...

DriveNets Raises $208 Million Funding to Build the Network Cloud Infrastructure of the Future RAANANA, Israel, Jan. 27, 2021 /PRNewswire/ -- DriveNets, the networking software company, announced today that it has raised $208 million in a Series B funding round that brings DriveNets' valuation to more than $1 billion. The company will use the investment to continue to offer service providers and hyperscalers a radical new way to build their networks with higher capacity and scale at a much lower cost. DriveNets Network Cloud is already deployed as the core routing solution for AT&T, one of t...