DriveNets Secures $410 Million in Latest Funding Round, AMD Joins as Investor
AMD joined DriveNets’ funding round as the company expands networking gear for AI server farms.
- On Monday, June 1, 2026, Israeli networking firm DriveNets announced it completed a $410 million Series D financing round, valuing the company at $8.5 billion and bringing total capital raised to $1 billion.
- With more than $1 billion in secured business, DriveNets will use the funding to scale inventory and expand its Heterogeneous AI infrastructure solutions, having maintained positive cash flow since 2025.
- Bessemer Venture Partners and Atreides Management led the financing round, with new investors AMD and Red Dot Capital joining alongside existing partners Pitango and D1 Capital Partners.
- Analyst Alan Weckel of 650 Group projected the networking market for AI server farms could reach $200 billion by 2030, positioning DriveNets as a key player in open Ethernet infrastructure.
- This valuation makes DriveNets Israel's second-largest privately-held company after VAST Data's $30 billion valuation, while the firm works to resolve "idle Capex" issues in large GPU clusters.
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PressNewsAgencyDriveNets secures $410 million in latest funding round, AMD joins as investor
June 1 : DriveNets, an Israeli networking software firm, said it has raised $410 million in its latest funding round led by Bessemer Venture Partners and Atreides Management, taking its total capital-raise so far to $1 billion.New investors AMD and Red Dot Capital joined the round, while existing investors Pi
DriveNets Secures $410M Series D to Meet Surging Demand for Ethernet Fabric in Large-Scale AI Deployments
With more than $1B in secured business, the funding accelerates inventory build-out to meet the rising demand for open, multi-vendor, and Heterogeneous AI infrastructure
Artificial intelligence has created a bottleneck in networks that no one expected just three years ago. DriveNets, the Israeli network infrastructure startup, has just closed a $410 million round that values it at $8.5 billion, an operation that shows to what extent the hardware re-quotes in high AI fever. The lesson for any founder is clear: when the whole world needs to build digital highways, whoever sells the tolls does not have to look for …
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