DriveNets, a pacesetter in cloud-native networking options, introduced it has secured $262 million in a Collection C enterprise capital funding spherical, significantly rising the corporate’s valuation over its January 2021 Collection B spherical.
The funding from this newest spherical of funding can be used to develop future know-how options, pursue new enterprise alternatives, and increase the corporate’s international operations and assist groups to assist rising buyer demand.
The spherical was led by D2 Investments with the participation of DriveNets’ present traders, together with Bessemer Enterprise Companions, Pitango, D1 Capital, Atreides Administration, and Harel Insurance coverage Investments & Monetary Companies.
Robust firm efficiency helps investor confidence
Since its final funding spherical in 2021, DriveNets has gained important market traction.
– Rising community visitors operating on the DriveNets’ Community Cloud resolution by 1,000 p.c.
– Participating with almost 100 clients and doubled bookings 12 months over 12 months.
– Establishing key strategic partnerships to hurry up the deployment of next-generation networks worldwide, together with agreements with Itochu Techno-Options Corporation (CTC), EPS Global, Wipro, and KGPCo.
– Rising its total worker base by 30 p.c, considerably increasing its operations and deployment groups, and its international attain.