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Plume employees raised €62,000 for survivors of the February 2023 earthquake in Turkey and Syria as part of their #PlumeStrong initiative.
Oct. 12, 2021 Smart home platform and services provider Plume today announced that the company has secured 300 million USD of additional funding based on a new company valuation of 2.6 billion USD. The valuation of the company has nearly doubled since February this year. Watch my interview above with Plume Founder & CEO, Fahri Diner.
We are excited to announce that Plume has raised $300 million from a new round of minority equity investments led by Softbank Vision Fund 2, bringing the company’s valuation to $2.6 billion. This new investment comes hot on the heels of our $270 million Series E funding in February, with $697 million raised to date. The adoption of our scalable cloud platform has been extraordinary and this investment recognizes that growth and reaffirms our category leadership and momentum. When Plume was founded seven years ago, the vision was to create the world’s first service delivery platform for the smart home, cracking open entirely new macro opportunities, business models, and revenue streams for the industry. That vision resulted in the launch of a revolutionary, software-defined network solution that has shaped and seeded a new category of smart services with myriad possibilities for Communications Service Providers (CSPs) and the subscribers they serve.
PALO ALTO, Calif., Feb. 23, 2021 /PRNewswire/ -- 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.
Plume Raises $85 Million for its Adaptive A.I. WiFi Network
Plume® Secures $85 million in Financing
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