Networking solutions co DriveNets scores $8.5b valuation
Israeli networking firm DriveNets is raising $410 million at an $8.5 billion valuation to expand its AI infrastructure business. The company has pivoted from telecommunications to providing networking solutions for AI server farms.
Why it matters
The massive valuation underscores the intense investor interest in the infrastructure layer supporting the global AI boom.
Israeli networking solutions company DriveNets , founded by Ido Susan and Hillel Kobrinsky, is raising $410 million at a valuation of $8.5 billion, "Globes" has learned. The huge investment round makes DriveNets Israel s second largest privately-held company in valuation terms, after VAST Data, which recently received a valuation of $30 billion.
The article is a straightforward business report on funding and market valuation.
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