DriveNets: Funding, Investors & Team (Sep 2026)
DriveNets is a fast-growing IP networking software company that revolutionizes Communications Service Provider (CSP) networks by disaggregating the network infrastructure from core to edge, similar to the way hyperscalers have disaggregated the cloud. DriveNets Network Cloud is an open distributed disaggregated networking solution based on cloud-native software and standard networking white boxes. The company was founded in 2015 by Ido Susan and Hillel.
DriveNets has raised $470M across 2 funding rounds on record, the most recent a Series C of $262M announced in Aug 2022.
That round is above the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.
DriveNets Company Profile and Key Stats
Latest funding round on record: Aug 2022.
DriveNets Funding Rounds
DriveNets raised $208M in a Series B announced in Jan 2021.
1.6 years later, a Series C of $262M was announced in Aug 2022.
DriveNets Founders and Leadership Team
Contact details for the DriveNets team: 2 of 2 have an email address on file.
Start 14-day free trial →DriveNets Funding Compared to Other Hardware Startups
DriveNets' latest round of $262M is above the median round in Hardware. Medians cover the last 24 months of disclosed rounds.
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DriveNets Funding FAQs
What does DriveNets do?
DriveNets is a fast-growing IP networking software company that revolutionizes Communications Service Provider (CSP) networks by disaggregating the network infrastructure from core to edge, similar to the way hyperscalers have disaggregated the cloud. DriveNets Network Cloud is an open distributed disaggregated networking solution based on cloud-native software and standard networking white boxes. The company was founded in 2015 by Ido Susan and Hillel.
How much funding has DriveNets raised?
DriveNets has raised $470M across 2 rounds on record. The most recent is a Series C of $262M announced in Aug 2022.
When did DriveNets last raise funding?
DriveNets' most recent funding round on record is a Series C of $262M, announced in Aug 2022.
Who founded DriveNets?
FundedIQ lists Hillel Kobrinsky (Founder) at DriveNets.
Who is the CEO of DriveNets?
Ido Susan is listed as CEO at DriveNets.
Where is DriveNets headquartered?
DriveNets is based in Ra'anana, Hamerkaz, Israel.
How many employees does DriveNets have?
DriveNets is in the 251-500 employee band.
How does DriveNets' funding compare to other Hardware startups?
DriveNets' latest round of $262M is above the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.
About FundedIQ's DriveNets Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for DriveNets is left off this page rather than filled in.
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