- DriveNets, a Raanana, Israel-based networking software company, raised $208m in Series B funding round
- The round, which brings DriveNets’ valuation to more than $1 billion, was led by new investor D1 Capital Partners
- The company will also use the funds to continue to expand its business reach to new geographies
- DriveNets is a software company that builds networks like clouds offering communications service providers and cloud providers a new way to build networks
- DriveNets Network Cloud supports the complete virtualization of network and compute resources, enabling communication service providers
- The software runs over standard white box hardware and can scale network capacity by adding additional white boxes into physical network cluster
