DriveNets secures $410M Series D
Analysis based on 8 articles · First reported Jun 01, 2026 · Last updated Jun 01, 2026
The successful Series D funding round for DriveNets, totaling $410 million, signals strong investor confidence in the AI infrastructure market and DriveNets' role within it. This capital infusion will enable DriveNets to scale its operations and meet the increasing demand for its AI fabric solutions, potentially leading to increased efficiency and reduced costs for companies utilizing large-scale AI, including publicly traded companies like AMD and Broadcom who are collaborating with DriveNets.
DriveNets, a leader in large-scale networking solutions, announced the completion of a $410 million Series D financing round, bringing its total capital raised to $1 billion. The funding, led by Live Oak Venture Partners and Elliott Investment Management, with new investors AMD and Red Dot Capital Partners joining existing investors Pitango and D1 Capital Partners, will be used to scale inventory for its AI fabric pipeline and expand its Heterogeneous AI infrastructure solutions. DriveNets' Ethernet-based AI fabric aims to eliminate networking bottlenecks in large GPU clusters, improving utilization and reducing costs for AI workloads. The company is collaborating with leading AI vendors like AMD and Broadcom to integrate networking and compute in multi-vendor AI environments and is partnering with Dell Technologies and Supermicro on go-to-market activities. This move positions DriveNets as a foundational player in the rapidly growing Heterogeneous AI market.
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