Israeli networking company DriveNets raised a $410M Series D led by Bessemer and Atreides at an $8.5B valuation, taking its total funding to ~$1B (Meir Orbach/CTech)

Meir Orbach / CTech: Israeli networking company DriveNets raised a $410M Series D led by Bessemer and Atreides at an $8.5B valuation, taking its total funding to ~$1B — The Israeli networking company says it is cash-flow positive with over $1B in backlog as AI demand accelerates.