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DRIVENETS
DriveNets
Network operating system / software-defined networking · Ra'anana · Israel · Founded · 2015 · ≈ · 500 · employees

DriveNets Funding — Last Valued at $5B

Private

DriveNets has raised $1.7B across 3 funding rounds, plus 2 undated rounds. The company is valued at $5B (post-money).

ProfileValuationFundingCompetitorsStock & IPOHow to invest
DriveNets funding · at a glance
Total raised, all rounds
$1.7B
sum of disclosed sizes
Funding rounds
3
plus 2 undated rounds
Latest round
Aug 2022
Aug 2022
Lead on that event
D2 Investments
existing holders Bessemer, D1 Capital, Pitango, Atreides Management, Harel Insurance
2022
About DriveNets

DriveNets raised $110 million in a 2019 Series A led by Bessemer Venture Partners and Pitango Growth, followed by $208 million in 2021 and $262 million in 2022 from D1 Capital Partners, D2 Investments and existing backers. In 2025, AT&T acquired an approximately 15% stake worth about $750 million, putting DriveNets' value at $5 billion.

Funding timeline

The DriveNets funding timeline

3 funding rounds, the latest highlighted.

2015
DriveNets founded

DriveNets was founded in 2015, Israel.

UNDATED
AT&T secondary stake purchase, Series D

No date is disclosed for this round.

FEB 2019
Series A

John W. Thompson and Stephen J. Luczo also invested. $110M raised, led by Bessemer Venture Partners, Pitango Growth.

Valuation basisAmount$110MPrice / shareLeadBessemer Venture Partners, Pitango Growth
JAN 2021
Series B

Follow-on from Bessemer, Pitango, and Harel Insurance. $208M raised, led by D1 Capital Partners.

Valuation basisAmount$208MPrice / shareLeadD1 Capital Partners
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

DriveNets funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series C LATEST
Aug 2022
$262M
—
—
D2 Investments
existing holders Bessemer, D1 Capital, Pitango, Atreides Management, Harel Insurance
Series B
Jan 2021
$208M
—
—
D1 Capital Partners
follow-on from Bessemer, Pitango, and Harel Insurance
Series A
Feb 2019
$110M
—
—
Bessemer Venture Partners, Pitango Growth
John W. Thompson and Stephen J. Luczo also invested
AT&T secondary stake purchase
—
$750M
$5Bpost-money
—
AT&T
AT&T bought a 15% stake in secondary shares from employees and investors (not a primary capital raise)
Series D
—
$410M
—
—
Bessemer Venture Partners, Atreides Management
AMD, Red Dot Capital (new); Pitango, D1 Capital Partners (existing)
DriveNets · investors

Investors

Bessemer Venture PartnersLEADAAtreides ManagementLEADAAT&TLEADDD2 InvestmentsLEADD1 Capital PartnersLEADPitango GrowthLEADHHarel InsuranceJJohn W. ThompsonSStephen J. Luczo

Frequently asked questions

Who has invested in DriveNets?›

Lead investors for each round are in the funding timeline.

Who are DriveNets's competitors?›

The closest network operating system / software-defined networking peers are on the competitors page.

How can I get exposure to DriveNets?›

The routes section explains what is realistically available for a company at this stage.

Is DriveNets publicly traded?›

No. DriveNets is a private company; its shares do not trade on a public exchange.

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