Israeli entrepreneur Ido Susan scored the windfall of a lifetime when he and his cofounder sold their mobile startup Intucell to Cisco for $475 million. Six years later, Susan is reappearing on the startup scene with a company already valued at more than that sum.
DriveNets, a company out of Israel that builds cloud-based networking services that provide a cheaper and simpler alternative to the functions of traditional routers in carrier networks, has raised $110 million led by Bessemer Venture Parters and Pitango Growth, with participation also from other investors that are not being named.
"אנחנו רואים שיש פה הזדמנות מטורפת ואנחנו רוצים לנצל אותה"
"Globes" startup of the year: DriveNets - challenging Cisco and Juniper DriveNets says that in communications, Cisco Systems and Juniper Networks have replaced IBM, but in the past four years, the company has been working to change this - mostly far below the radar. During this time, DriveNets founders CEO Ido Susan, 33, and chief strategy officer Hillel Kobrinsky, 57, have met with all the senior executives in communications companies such as AT&T, Verizon, and so on.
DriveNets Recognized as Winner in Next Gen Deployment Wireline Category by Questex’s Fierce Innovation Awards – Telecom Edition 2019 http://glassdoor.com/slink.htm?key=vMDSJ
DriveNets was awarded the Innovation Award for Vendor at the World Communication Awards this year http://glassdoor.com/slink.htm?key=vMuDL
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