
Drivenets
DriveNets is a software company that drives and leads the next generation networks with its network cloud solution.
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $110m Valuation: $600m | Series A | |
$7.0m Valuation: $600m | Series A | ||
$208m Valuation: $1.0b | Series B | ||
* | $262m Valuation: $2.5b | Series C | |
Total Funding | $587m |
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DriveNets is a tech startup that operates in the cloud networking industry. The company offers a software-based, cloud-native routing solution for various types of networks including Core, Aggregation, Peering, and Edge networks. This solution is based on a shared infrastructure of standard networking white boxes, which are generic, low-cost hardware devices that can be programmed to perform a variety of network functions.
DriveNets' solution supports high-performance AI workloads at scale, maximizing GPU utilization and minimizing job completion time (JCT). This is particularly beneficial for businesses that handle large amounts of data, as it allows them to quickly scale their network as needed while controlling costs effectively.
The company's business model is based on disaggregation, which means decoupling the software and the hardware. This allows for different innovation cycles, with the software cycle potentially being faster. This approach enables DriveNets to bring new things to the network in a faster way, offering a competitive advantage in the rapidly evolving tech industry.
DriveNets' clients are likely to be large corporations or service providers that handle large amounts of data and require robust, scalable, and cost-effective networking solutions. The company makes money by selling its software-based routing solutions and related services.
In summary, DriveNets offers a cloud-native, software-based routing solution that supports high-performance AI workloads, allowing businesses to scale their networks quickly and cost-effectively.
Keywords: Cloud Networking, Software-Based Routing, AI Workloads, Scalability, Cost-Effectiveness, Disaggregation, Innovation, High-Performance, Data Handling, Network Solutions.