DriveNets Raises $410 Million in Series D Round
DriveNets, a company specializing in full-stack AI networking solutions for GPU clusters, has announced a significant milestone in its growth journey. On June 2, 2026, the company secured $410 million in a Series D funding round. This round was led by Bessemer Venture Partners, with participation from Atreides Management, AMD, Red Dot Capital, Pitango, and D1 Capital Partners.
Company Overview
Founded by Ido Susan, who also serves as the CEO, DriveNets offers an Ethernet-based networking fabric that achieves InfiniBand-level performance, adaptable to any GPU and NIC configuration. The company's offerings encompass hardware, software, and services aimed at optimizing AI networking infrastructures.
Lead Investor and Participants
The Series D round was prominently led by Bessemer Venture Partners, a firm known for its investments in innovative technology companies. Additional backing came from a diverse group of investors including Atreides Management, AMD, Red Dot Capital, Pitango, and D1 Capital Partners.
Strategic Use of Funds
While specific plans for the newly acquired funds were not detailed, it is anticipated that DriveNets will channel this capital into expanding its product offerings, enhancing its technological capabilities, and possibly increasing its workforce to support growing demand. This infusion of funds will likely support DriveNets' goals of advancing its AI networking fabric solutions to meet the needs of an evolving market.
Conclusion
This substantial investment marks a pivotal step forward for DriveNets as it continues to develop its networking solutions, designed to handle the increasing demands of AI and data-intensive applications. With the backing of prominent investors, DriveNets is well-positioned to strengthen its market presence and drive innovation in the AI networking domain.