Company:DriveNets

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DriveNets
TypePrivate company
IndustryTelecommunications
Founded2015; 9 years ago (2015)[1]
Founders
  • Ido Susan
  • Hillel Kobrinsky
[2]
Headquarters
Ra'anana
,
Israel[3]
Area served
Worldwide
Key people
Ido Susan (CEO)
Hillel Kobrinsky (CSO)[4]
ProductsNetwork operating system, Software-defined networking
Number of employees
450[5]
Websitewww.drivenets.com

DriveNets is a software company, vendor of a network infrastructure platform[6] that runs over a physical infrastructure consisting of white boxes.[7]

History

DriveNets was founded in 2015 by Ido Susan and Hillel Kobrinsky. Susan is the co-founder of Intucell, which he sold to Cisco for $475 million in 2013.[8] Kobrinsky co-founded Interwise, which was acquired by AT&T for $121 million.[9] DriveNets was in a stealth mode[10] and was self-funded until 2019.[11] In 2019, DriveNets raised $110 million in series A round from Bessemer Venture Partners and Pitango Growth,[2] along with John W. Thompson and Stephen J. Luczo.[12] In 2021, DriveNets raised $208 million in series B funding led by D1 Capital Partners with follow-on investments from Bessemer and Pitango and investment by Harel Insurance.[13] In August 2022, DriveNets announced it completed Series C funding of $262 million led by D2 Investments, along with former investors Bessemer, D1 Capital, Pitango and Atreides Management and Harel Insurance.[14] The company's estimated value was $2.5 billion,[15] after raising total sum of $587 million.[16]

The company has 450 employees at offices in Israel, Romania, Japan and USA.[17] The company has about 100 customers, including AT&T [18] and KDDI.[19] Among its partners are Fujitsu, Broadcom Inc.,[20] Itochu Techno-Solutions, Wipro, KGPCo and EPCglobal.[21]

In November 2023, DriveNets joined the Ultra Ethernet Consortium, an industry effort to build optimal Ethernet for high-performance networking.[22][23]

Technologies

DriveNets markets a scalable network operating system (NOS) based on a cloud.[24] The network cloud architecture creates a software routing framework that can grow linearly to a large scale from a centralized cloud.[25] The company leverages Telco-hierarchy cloud design principles such as containerized microservices, shared facilities, and inexpensive white boxes.[26] Another product that the company sells is a network operating system that relies on Ethernet to connect AI-optimized systems in a distributed cluster. The approach applies the Open Compute Project Distributed Disaggregated Chassis architecture, which enables AI clusters to scale at an adequate performance while keeping JCT low. [27]

Awards

  • 2019 - Globes start-up of the year.[28]
  • Calcalist 50 Most Promising Israeli Startups 2020 - COVID-19 Edition[26]
  • Vendor Innovation Award at World Communication Awards (WCA) 2019[29]
  • 2020 Fierce Innovation Award in the Next Gen Deployment Wireline Category[30]
  • 2020 TechTarget Network Innovation Award.[31]
  • Leading Lights 2020 Company of the Year (Private): The Winners by Light Reading[32]
  • 2020 Emerging Vendors Details by CRN magazine.[33]
  • Gartner Cool Vendor in Communications Service Provider Network Operations Category in 2020.[34]
  • Business Insider 47 enterprise startups to bet your career on in 2020[35]
  • 2021 Leading Lights Award for Best New Optical Networking/IP Product.[36]
  • 2022 Leading Lights Award for Company of the Year.[37]

See also

  • List of unicorn startup companies
  • Science and technology in Israel
  • Silicon Wadi

References

  1. ↑ Matt Hamblen (February 15, 2019). DriveNets Pockets $110M to Pave Software Disaggregation Path. SDxCentral.
  2. ↑ 2.0 2.1 Alex Konrad (February 14, 2019). This Founder Sold A Startup To Cisco For $475 Million. Now He's Raised $110 Million To Take It On. Forbes .
  3. ↑ Rickey Ben-David (August 17, 2022). Israeli startup DriveNets secures $262m for cloud networking software. The Times of Israel.
  4. ↑ Yasmin Yablonko (February 15, 2019). Israeli telco network co DriveNets raises $110m. Globes.
  5. ↑ Meir Orbach (August 17, 2022). DriveNets secures $262 million Series C at over $2.5 billion valuation. Calcalist.
  6. ↑ Linda Hardesty (August 17, 2022). DriveNets secures $262M in Series C funding. Fierce Telecom.
  7. ↑ Maria Deutscher (August 17, 2022). Networking startup DriveNets raises $262M in new funding. Silicon Angle.
  8. ↑ Alyson Shontell (January 23, 2013). Cisco Buys 4-Year-Old Israeli Startup Intucell For Half A Billion Dollars. Business Insider.
  9. ↑ Shmulik Shelah (October 1, 2007). AT&T buys Israeli web-conferencing co Interwise. Globes.
  10. ↑ Ingrid Lunden (February 14, 2019). DriveNets emerges from stealth with $110M for its cloud-based alternative to network routers. TechCrunch.
  11. ↑ (February 15, 2019). Israeli Software Firm DriveNets Raises $110 Million in First Round of Financing. Reuters / Haaretz.
  12. ↑ (July 8, 2019). DriveNets expands financing round to $117m. Globes.
  13. ↑ Meir Orbach (January 27, 2021). DriveNets raises $208 million in series B round, attains unicorn status. Calcalist.
  14. ↑ Ingrid Lunden (August 17, 2022). DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers. TechCrunch.
  15. ↑ (August 18, 2022). DriveNets Hits $2.5 Billion Valuation with $262 Million Raise. Jewish Business News.
  16. ↑ Keith Dyer (August 17, 2022). DriveNets nets $262 million VC funding. The Mobile Network.
  17. ↑ Idan Ben Tovim (August 17, 2022). No crisis here: This Israeli startup has raised more than a quarter billion dollars. Geektime.
  18. ↑ Omri Zerachovitz (September 29, 2020). AT&T deploys DriveNets core routing solution. Globes.
  19. ↑ Ruti Levy (August 17, 2022). Valued more than 2 billion dollars, Susan and Kobrinsky DriveNets', raised 262 million dollars in series c funding round. TheMarker.
  20. ↑ (August 17, 2022). Israel's DriveNets raises $262 million in new funding round. Reuters.
  21. ↑ (August 17, 2022). Israeli networking software co DriveNets raises $262m. Globes.
  22. ↑ Buckley, Sean (2023-11-27). "DriveNets becomes a member of the Ultra Ethernet Consortium". https://www.lightwaveonline.com/home/article/14301881/drivenets-becomes-a-member-of-the-ultra-ethernet-consortium. 
  23. ↑ Shilov, Anton. "Ultra Ethernet Consortium Formed, Plans to Adapt Ethernet for AI and HPC Needs". https://www.anandtech.com/show/18965/ultra-ethernet-consortium-to-adapt-ethernet-for-ai-and-hpc-needs. 
  24. ↑ Joe Stanganelli (February 15, 2019). Israeli telecom-software firm DriveNets emerges from stealth with $110M, Fierce Telecom.
  25. ↑ (February 1, 2021). Israeli unicorn start-up DriveNets raises $208 million in funding. The Jerusalem Post.
  26. ↑ 26.0 26.1 Meir Orbach and Hagar Ravet (April 28, 2020) . 50 Most Promising Israeli Startups 2020 - Covid-19 Edition. Calcalist.
  27. ↑ Peter Cohan (June 12, 2023). With 52% Of AT&T’s Traffic, DriveNets Aims At AI Networking. Forbes .
  28. ↑ Uri Berkovitz (December 3, 2019). "Globes" startup of the year: DriveNets - challenging Cisco and Juniper. Globes.
  29. ↑ Vendor Innovation Award at World Communication Awards (WCA) 2019.
  30. ↑ 2020 Fierce Innovation Award
  31. ↑ DriveNets' disaggregated router tech wins innovation award
  32. ↑ Phil Harvey (August 21, 2020). Leading Lights 2020: The Winners. Light Reading.
  33. ↑ 2020 Emerging Vendors Details. CRN (magazine)
  34. ↑ DriveNets Named a Gartner Cool Vendor in Communications Service Provider Network Operations Category.
  35. ↑ 47 enterprise startups to bet your career on in 2020. Business Insider.
  36. ↑ DriveNets Wins 2021 Leading Lights Award for Best New Optical Networking/IP Product. Light Reading.
  37. ↑ Leading Lights 2022: The Winners'.



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