Funding round
DriveNets Series D
DriveNets, which works in networking infrastructure design and manufacturing in Raanana, raised $410M in a Series D round announced on 1 Jun 2026, led by Bessemer Venture Partners and Atreides Management, at a $8.50B post-money valuation. 6 firms took part, 4 of them already investors. It is DriveNets' fourth venture round on record; the one before was a Series C in Aug 2022.
$410M
Amount raised
$8.50B
Post-money valuation
$8.09B pre-money
6
Investors
2 leads
3.4x
Step-up from the Series C
$2.50B in Aug 2022
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DriveNets at $8.50B after the new money, 3.4 times the $2.50B of its Series C (Aug 2022). The $410M bought investors about 4.8% of the company. It came 46 months after DriveNets' Series C. It is 41% of the $990M DriveNets has raised in the venture rounds on record. No later venture round is on record for DriveNets.
DriveNets' funding rounds
DriveNets has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 14 Feb 2019, led by Bessemer Venture Partners and Pitango $110M
- Series B 27 Jan 2021, led by D1 Capital Partners $208M$1.00B post-money
- Series C 17 Aug 2022, led by D2 Fund $262M$2.50B post-money
- Acquisition not a venture round 16 Jul 2025, led by AT&T Inc. $650M
- Series D this round 1 Jun 2026, led by Bessemer Venture Partners and Atreides Management $410M$8.50B post-money
Investors
Who put money in
Bessemer Venture Partners and Atreides Management led the round with 4 other firms. Bessemer Venture Partners, Atreides Management, Pitango and D1 Capital Partners had backed DriveNets before.
Lead investors
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Atreides Management backs 53 venture-backed companies existing investor
Also in the round
- AMD new investor
- backs 23 venture-backed companies new investor
- backs 75 venture-backed companies existing investor
- D1 Capital Partners existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
70 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $102M, and this round was 4.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Jun 2026 | $39M | not disclosed | Leeds Illuminate and Kingfisher Investment |
| Tech Companies | 2 Jun 2026 | $27M | not disclosed | OIF Ventures and National Reconstruction Fund Corporation |
| Fireworks AI Tech Companies | 15 Jul 2026 | $1.50B | $17.50B | Atreides Management and Index Ventures |
| Tech Companies | 22 Jul 2026 | $120M | not disclosed | Sixth Street Growth |
| Tech Companies | 12 May 2026 | $120M | $670M | One Peak |
| Tech Companies | 15 Jul 2026 | $100M | not disclosed | Growth Equity at Goldman Sachs Alternatives |
| Tech Companies | 23 Jul 2026 | $87M | not disclosed | Decarbonization Partners |
| Tech Companies | 9 Jul 2026 | $34M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DriveNets raise in its Series D round?
DriveNets raised $410M in its Series D round, announced in Jun 2026.
Who led DriveNets' Series D round?
Bessemer Venture Partners and Atreides Management led it, with AMD, Red Dot Capital Partners, Pitango and D1 Capital Partners.
What was DriveNets' valuation at the Series D round?
$8.50B post-money ($8.09B pre-money).
How does it compare with other Series D rounds in Tech Companies?
70 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $102M, and this round was 4.0 times the median.