DriveNets raises USD410m Series D for AI networking infrastructure
DriveNets completed a USD 410 million Series D financing round to support rising demand for Ethernet-based networking infrastructure for large-scale AI deployments. The round was led by Bessemer Venture Partners and Atreides Management, with participation from new investors including AMD and Red Dot Capital, alongside existing investors Pitango and D1 Capital Partners.
The company said the funding will help scale its AI fabric offering, which is designed to support large AI clusters using open, multi-vendor Ethernet infrastructure. DriveNets’ technology is used to improve network performance and GPU utilization across AI infrastructure environments, including hyperscalers, foundation model companies, NeoClouds, and large enterprises.
Meitar represented DriveNets on the transaction, with the team led by Alon Sahar, Ori Kaufman, Muhammad Assalieh, Keren Druker, and Yuval Miller.
