After more than a year of working together, the communications giant AT&T announced that its core network will be based on technology from the Israeli company Drivents. The two companies did not provide financial details about the deal between them, but it is apparently a very material deal for Drivents. AT & T’s decision is not new, but now the network is ready to go live.
The company, founded in 2015 by Ido Susan and Hillel Kobrinsky, has developed a software solution that will replace existing communications networks. While it is not superfluous to purchase equipment, instead of relying on sophisticated routers, it makes it possible to switch to relying on “stupid”, cheaper and smaller equipment, and the “brain” switches to software. Prior to founding the company, Kobrinsky was the director of AT & T’s Development Center in Israel. Last December, Drivents was named first on Globes ‘list of promising startups, based on venture capitalists’ votes.
Susan, who serves as CEO, said in a press release that AT & T’s announcement “proves even to those who doubted the distributed network model that our cloud offers more rating and expansion options and is more cost-effective compared to using hardware-based routers. “Drivents are changing the world of networking in the same way that VMware has changed the computing and storage industry.”
The corona is having a positive effect on society
In an interview with “Globes” in May, Susan explained that the corona is affecting society for the better, in part because of the shift to work and distance learning and a change in the consumption patterns of communications services geographically.
“All the media companies in the world have added more traffic in the old solutions based on Cisco, Juniper hardware, etc. However, customers understand that the hardware does not allow them to grow as fast and at the rate they want, and we see inquiries from customers who have not spoken to us before. Customers and because of the new reality, only in the first quarter we received three new contracts from very large customers, in the US, Europe and the East. “We started the process before the Corona era, but he pushed the companies to understand that our solution is really needed, especially in such events but also in the future,” he said.
Drivents was funded in its early years by the two founders, and in February 2019 announced a huge $ 110 million fundraiser, a very unusual amount for a first fundraiser. The funds that led the round of fundraising were Bessemer and Pitango. Susan noted in May that the company has revenues of tens of millions of dollars, but did not elaborate beyond that.
*The article has been translated based on the content of Source link by https://www.globes.co.il/news/article.aspx?did=1001343914
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!