June 1 (Reuters) - DriveNets, an Israeli networking

software firm, said it has raised $410 million in its latest

funding round led by Bessemer Venture Partners and Atreides

Management, taking its total capital-raise so far to $1 billion.

New investors AMD and Red Dot Capital joined the round,

while existing investors Pitango and D1 Capital Partners also

participated. The company would use the proceeds to meet the

surging demand for large-scale AI infrastructure, CEO Ido Susan

said.

DriveNets did not disclose the valuation secured after the

latest funding. It did not immediately respond to a Reuters

request for comment seeking the detail.

Companies providing AI infrastructure have attracted

significant venture capital in recent years, enabling them to

expand without exposure to public market volatility.

DriveNets allows telecommunications operators and data

centers to build and manage networks using standard,

off-the-shelf hardware, rather than costly proprietary systems.

Its technology supports high-speed connectivity and AI

workloads.

Founded in 2015, its partners include tech firm Broadcom ( AVGO )

, Japan's Fujitsu and Indian IT services provider Wipro.

"As AI systems reach unprecedented scale, the performance of

the underlying network fabric has become a primary driver of AI

economics," said Charlie Kawwas, president, semiconductor

solutions group, Broadcom ( AVGO ).