Plume Raises $270 Million At $1.35 Billion Valuation

Jan 13, 2023•almost 3 years ago

Amount Raised

$270 Million

Palo AltoTelecommunicationsWireless

Investors

Insight Partners

Description

Plume®, the company behind the smart home service offerings of more than 170 Communications Service Providers (CSPs) served to more than 22 million households across the globe, today announced that it has closed a $270 million minority investment from global venture capital and private equity firm Insight Partners. This Series E round at a $1.35 billion valuation brings Plume's total equity funding to $397 million.

Company Information

Company

Plume

Location

Palo Alto, California, United States

About

Plume is the creator of the world's first SaaS experience platform for communications service providers (CSPs) and their subscribers, deployed in more than 65 million locations globally. As the only open and hardware-independent, cloud-controlled solution, Plume enables the rapid delivery of new services for smart homes, small businesses and beyond, at massive scale. On the front end, Plume delivers self-optimizing, adaptive WiFi, cybersecurity, access, parental controls and more. CSPs get robust data- and AI-driven back-end applications for unprecedented visibility, insights, support, operations and marketing. Plume leverages OpenSync, an open-source framework that comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.

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