07:31 AM EDT, 10/08/2025 (MT Newswires) -- AT&T ( T ) has acquired a 15% stake in Israeli networking software startup DriveNets from existing shareholders in a secondary round of funding, Israeli media outlet Globes reported Wednesday.

The deal is estimated between $750 million and $800 million, valuing DriveNets at $5 billion, the report said.

Participating shareholders include Pitango, Bessemer Venture Partners, Harel, and Poalim Equity. The startup has raised $600 million to date from investors, including US funds D1 Capital Partners and D2 Investments, the report said.

AT&T ( T ) and DriveNets did not immediately respond to requests for comment from MT Newswires.

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