DriveNets, a webscale networking software company that recently closed a $117mn Series A funding round, announced on September 23 that it is opening a significant R&D centre in Romania.
Tellence, a local provider of high-tech software and engineering services, will create the centre and is currently looking for software engineers with expertise in networking, NFV/SDN and cloud solutions.
“We chose to build a centre of excellence in Bucharest with Tellence who have an impeccable track record in Romania, to fuel that expertise and further hone our technology," said Ido Susan, CEO and co-founder of DriveNets.
In addition to closing a $117mn Series A financing round, led by Bessemer Partners and Pitango Ventures, DriveNets is backed by several investors, including Microsoft chairman John Thompson, Seagate executive chairman Steve Luczo, and former CEO of Palo Alto Networks, Mark McLaughlin.
DriveNets, was founded by two successful telecoms entrepreneurs, Susan and Hillel Kobrinsky. Susan previously co-founded Intucell, the company that invented the self optimising network (SON) which was acquired by Cisco in 2013 for $475mn. Kobrinsky founded the web conferencing specialist, Interwise, which was acquired by AT&T for $121mn.