Market Chatter: AT&T Acquires 15% Stake in DriveNets

MT Newswires Live

Oct 08, 2025

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 and DriveNets did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The startup has raised $600 million to date from investors, including US funds D1 Capital Partners and D2 Investments, the report said.</p><p>AT&amp;T and DriveNets did not immediately respond to requests for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1621768115.EUR","symbol_name":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573940929","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573940929","pubTimestamp":1759923060,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The startup has raised $600 million to date from investors, including US funds D1 Capital Partners and D2 Investments, the report said.AT&T and DriveNets did not immediately respond to requests for comment from MT Newswires.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}