Tech Company Financing Transactions

DriveNets Funding Round

DriveNets closed a $208 million Series B funding round on 1/28/2021. Investors included Atreides Ventures, Bessemer Venture Partners and D1 Capital Partners.

Transaction Overview

Company Name
DriveNets
Announced On
1/28/2021
Transaction Type
Venture Equity
Amount
$208,000,000
Round
Series B
Investors

Atreides Ventures

Bessemer Venture Partners (Adam Fisher)

D1 Capital Partners

Pitango Venture Capital (Aaron Mankovski)

Proceeds Purpose
The plan will be to use the funding to continue building out the business internationally and to tailor it to more use cases beyond carriers, including the wave of bigger companies that stream large amounts of media and have some control over their networks as a result.

Company Information

Company Status
Private & Independent
Industry
Networking
Mailing Address
125 Half Mile Rd. 200
Red Bank, NJ 07701
USA
Phone
Undisclosed
Website
www.drivenets.com
Email Address
[email protected]
Overview
DriveNets is a fast-growing software company that revolutionizes Communications service provider (CSP) networks. We create routing infrastructures that help our customers profit from the greatest demand surge in telco history, 5G deployments and the rise of new low-latency AI applications.
Profile
DriveNets LinkedIn Company Profile
Social Media
DriveNets Company Twitter Account
Company News
DriveNets News
Facebook
DriveNets on Facebook
YouTube
DriveNets on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ido Susan
  Ido Susan LinkedIn Profile  Ido Susan Twitter Account  Ido Susan News  Ido Susan on Facebook
Chief Financial Officer
Michael Lilo
  Michael Lilo LinkedIn Profile  Michael Lilo Twitter Account  Michael Lilo News  Michael Lilo on Facebook
Chief Marketing Officer
Inbar Lasser-Raab
  Inbar Lasser-Raab LinkedIn Profile  Inbar Lasser-Raab Twitter Account  Inbar Lasser-Raab News  Inbar Lasser-Raab on Facebook
Chief Operating Officer
Yaron Tchwella
  Yaron Tchwella LinkedIn Profile  Yaron Tchwella Twitter Account  Yaron Tchwella News  Yaron Tchwella on Facebook
VP - Bus. Development
Hillel Kobrinsky
  Hillel Kobrinsky LinkedIn Profile  Hillel Kobrinsky Twitter Account  Hillel Kobrinsky News  Hillel Kobrinsky on Facebook
VP - Human Resources
Orit Menkes
  Orit Menkes LinkedIn Profile  Orit Menkes Twitter Account  Orit Menkes News  Orit Menkes on Facebook
VP - R & D
Tali Itzhar
  Tali Itzhar LinkedIn Profile  Tali Itzhar Twitter Account  Tali Itzhar News  Tali Itzhar on Facebook
VP - Sales
Anthony Cioffi
  Anthony Cioffi LinkedIn Profile  Anthony Cioffi Twitter Account  Anthony Cioffi News  Anthony Cioffi on Facebook
VP - Sales
Avi Wellingstein
  Avi Wellingstein LinkedIn Profile  Avi Wellingstein Twitter Account  Avi Wellingstein News  Avi Wellingstein on Facebook

 

 

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