DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

Internet usage continues to skyrocket, with 29.3 billion networked devices projected to be in use by 2023 and the growth rate currently at around 10%. Today, an enterprise startup called DriveNets that’s built a more cost-effective way for service providers and other outsized connectivity users to scale to meet that demand by leveraging software and cloud innovations — not relying solely on hardware — is announcing a big round of funding, a mark of the rising demand it’s seeing for its tech.
The Israeli startup, valued at over $1 billion, provides software-based interne

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