DriveNets secures $410M Series D to scale AI networking

On June 1, Israel-based networking company DriveNets announced a $410 million Series D round, bringing its total funding to $1 billion. The financing, led by Bessemer Venture Partners and Atreides Management with participation from AMD, Red Dot Capital, Pitango and D1 Capital, will expand DriveNets’ Ethernet fabric for large-scale AI clusters.