DriveNets Raises $410M Series D for Ethernet AI Fabric Networking

DriveNets announced $410M in Series D financing on June 1, 2026. DriveNets completed a $410 million Series D led by Bessemer Venture Partners and Atreides Management, bringing its total capital raised to $1 billion.

Round details

The financing includes backing from Bessemer Venture Partners, Atreides Management, AMD, Red Dot Capital, Pitango, D1 Capital Partners. The company did not publish a valuation with the announcement.

Round: Series D
Capital announced: $410M
Total funding reported: $1B

How the company plans to use the capital

DriveNets said it will use the new funding to scale inventory to support its growing AI fabric pipeline and to expand its Heterogeneous AI infrastructure solutions.

Why this matters for GTM teams

In the announcement, DriveNets cited more than $1B in secured business, said it has been cash-flow positive since 2025, and referred to surging demand for large-scale AI infrastructure.

Fresh capital is often an operational signal rather than a buying signal by itself. Teams should validate the company’s hiring pattern, product launches, geographic expansion, and technology priorities before choosing the message and timing of outreach.

Source and methodology

This report is based on the company’s announcement and records the disclosed amount, round, investors, location, and stated use of funds. SalesTools Research does not estimate undisclosed valuation or revenue figures.

Primary source: DriveNets Series D announcement.