Latham & Watkins Advises AMD on DriveNets’ US$410 Million Series D

DriveNets, a leader in large‑scale networking solutions, has announced it has completed a US$410 million Series D financing round, reaching US$1 billion total capital raised. With more than US$1 billion in secured business and having been cash‑flow positive since 2025, the company will use the additional funding to scale inventory to support its growing AI fabric pipeline and expand its heterogeneous AI infrastructure solutions. The funding round was led by Bessemer Venture Partners and Atreides Management. New investors, AMD and Red Dot Capital, joined alongside existing investors Pitango and D1 Capital Partners.

Latham & Watkins LLP represented AMD in the transaction with a corporate deal team led by Orange County/Bay Area partner Nima Movahedi and Bay Area partner Tad Freese, with associates Christopher Siino and Chloe Wallace.