DriveNets raised another $410 million in funding, bringing the total raised over the company's 10-year lifespan to $1 billion.
DriveNets said it plans to use the money to scale inventory to support its growing AI fabric pipeline and expand its Heterogeneous AI infrastructure solutions. Heterogeneous AI architecture uses multiple AI accelerators from multiple vendors within the same cluster.
The company already works with telecom operators as well as hyperscalers, neoclouds and large enterprises, providing cloud and ethernet networking solutions. It is now working with vendors including AMD and Broadcom to tighten the integration between networking and compute in multi-vendor AI environments, maximizing cluster performance and GPU utilization to substantially improve token economics. It is also partnering with Dell, Supermicro, and other systems partners on go-to-market activities.
AMD was notably a new investor in its latest funding round, joining round leaders Bessemer Venture Partners and Atreides Management as well as Red Dot Capital, Pitango and D1 Capital Partners.
“The most expensive idle asset in the world right now is a GPU waiting on the network," Ido Susan, CEO and Co-Founder of DriveNets said in a statement. "We’re applying a decade of high-performance networking expertise to enable our customers to achieve higher utilization, reduce cost per workload, and scale their AI operations efficiently — on any AI accelerator they choose.”
Read the full press release here.