DriveNets is a telecommunications service provider known for its cutting-edge revolutionary cloud computing and networking technology. They have recently made headlines due to their statement that they have attained unicorn status after securing a massive $208 million in the capital in the Series B round of investment.
DriveNets has created a lot of buzz in the cyber world because of its avant-garde technology, which combines the best of both worlds in its services. The goal of the organization is to create cloud-like interconnections in order to reap the benefits of this new paradigm in terms of price, adaptability, and creativity. They are now worth more than $1 billion as a result of the new generation communications networking infrastructure they constructed.
DriveNets and its history.
DriveNets was formed in December 2015 by Ido Susan and Hillel Konbrinsky with the purpose of offering software-based networking solutions for enterprises seeking state-of-the-art computing with microservices at the heart. DriveNets was deployed as a service after numerous errors were handled and revisions made by the core development team. Initially, it started in Israel, and the firm is currently growing exponentially towards success after setting up its first office overseas in New Jersey, United States.
Currently, they have established agreements with many brands and organizations in the industry in order to improve the work environment and also to construct the internet’s future with the services and skills provided by their partners. They have worked with businesses to help them increase their market share through creative solutions, value-added industry insight, and strong relationships with customers globally. Wipro, Credo, eps, Inno light, Ufi space, CTC, and Broadcom are some of the major companies with which they have combined to penetrate new markets and build a long-term profitable business.
DriveNets’ prowess – what are the sectors in which they have mastered themselves?
Aggregation and peering are two main fields in which DriveNets mostly excel. Aggregation is a type of cloud broking approach in which several cloud computing services are packed and combined into one or more hybrid services, and it provides scalability, multi-functionality, and a high-availability, elastic, and efficient cloud-like architecture. By hosting numerous network traffic aggregation functions over a unified shared architecture, the DriveNets Network Cloud aggregation solution enhances aggregation tier flexibility and efficiency.
DriveNets Network Cloud aggregation services replace several aggregation gateways that serve distinct aggregation subdomains with a software-based shared connectivity solution that runs intermodal networking operations across expandable white box clusters. The benefits of using the aggregation service provided by DriveNets are that it has high uptime with self-healing methods, networked design (no datum of failure); integrated structural components, automation, and administration. It also offers Zero-Touch Provisioning (ZTP), automated life-cycle monitoring for smooth updates, and healthcare. Uptime with self-healing methods, networked design (no datum of failure), integrated structural components, automation and administration, Zero-Touch Provisioning (ZTP), Automated life-cycle monitoring for smooth updates, and healthcare. With extended fabric, transparency is increased for administration and troubleshooting from the machinery level to the software container.
Network peering functionality is an essential component of internet architecture. It necessitates scalability in terms of routing protocol exchange and network architectural progression, which necessitates the inclusion of more peering points in various network regions. DriveNets Network Cloud Peering is a fully flexible and efficient bridging service. It is implemented as a network function appended over an array, including core, and aggregation. The benefits of distributed fabric include increased visibility for administration and diagnostics from the device level to the software layer.
DriveNets’ Funding and Financials
DriveNets had a little problem obtaining cash or attracting investors because they were already considered to be attractive and profitable firms in the future. DriveNets has secured $325 million in three rounds of investment. Their most recent financing came in the form of a Series B round on January 27, 2021. DriveNets is supported by ten investors. The most prominent investors are Atreides Management and Pitango Venture Capital.