DriveNets Raises $410M Series D to Expand AI Fabric Infrastructure
By
Ray Sharma
Crispy enough to crunch, soft enough to enjoy. A good bake.
Summary
DriveNets, a networking solutions company, has raised $410 million in Series D funding, bringing its total capital raised to $1 billion. The company, which has been cash-flow positive since 2025 and has over $1 billion in secured business, will use the funds to scale inventory for its AI fabric pipeline and expand its Heterogeneous AI infrastructure solutions. The round was led by Bessemer Venture Partners and Atreides Management, with participation from AMD, Red Dot Capital, and existing investors.
Key quotes
· 3 pulledDriveNets, a leader in large-scale networking solutions, announced it has completed a $410 million Series D financing round, reaching $1 billion total capital raised.
With more than $1B in secured business and having been cash-flow positive since 2025, the company will use the additional funding to scale inventory to support its growing AI fabric pipeline and expand its Heterogeneous AI infrastructure solutions.
The funding round was led by Bessemer Venture Partners and Atreides Management.
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