Plume Raises $270 Million At $1.35 Billion Valuation
01/13/23, 10:01 PM
Location
palo altoMoney raised
$270 million
Industry
saas
wireless
Investors
Insight Partners
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 Info
Location
palo alto, california, united states
Additional Info
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.