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DriveNets nabs $208M at a $1B+ valuation for its cloud-based alternative to network routers

People and businesses are relying on the internet to get things done more than ever before, an opportunity but also an infrastructure headache for service providers that need to scale quickly and reliably to meet that demand.
Today, a startup that has built a clever, software-based way for them to expand their networks without buying costly equipment is announcing a major round of funding on the back of its business booming.
DriveNets — which provides software-based routing solutions to service providers that run them as virtualized services over “white box” generic architecture — has closed $208 million in funding, a Series B that values the company at over $1 billion post-money.
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