What is Plume?
Plume operates as a software-as-a-service (SaaS) technology company, delivering an AI-driven platform designed for communication service providers and their subscribers. Its core offering enables internet service providers and managed service providers to enhance WiFi experiences, optimize network performance, bolster cybersecurity, and facilitate smart home management. The platform's adaptive WiFi technology, utilized by millions of connected homes globally, continuously refines network performance, offers robust parental controls, secures IoT devices, and provides comprehensive network threat protection. Plume's solutions are deployed via compatible hardware, allowing service providers to differentiate their offerings with advanced smart home services, including seamless whole-home WiFi, device prioritization, and detailed network visibility.
How much funding has Plume raised?
Plume has raised a total of $701.3M across 5 funding rounds:
Series B
$4.7M
Series C
$41.6M
Series D
$85M
Series E
$270M
Unspecified
$300M
Series B (2016): $4.7M with participation from Liberty Global Ventures, Jackson Square Ventures, and Spark Capital
Series C (2017): $41.6M led by Deutsche Invest Capital Partners and Presidio Ventures
Series D (2020): $85M supported by Charter Communications , Inc., Service Electric Cablevision, WestRiver Group, Liberty Global, Qualcomm, Belkin International Inc, Silicon Valley Bank, and Shaw Communications
Series E (2021): $270M featuring Insight Partners
Unspecified (2021): $300M backed by SoftBank Vision Fund 2
Key Investors in Plume
Charter Communications , Inc.
Charter Communications, Inc. is a leading broadband connectivity company and cable operator serving millions of customers across the United States. Its involvement suggests a strategic alignment with Plume's network management solutions for service providers.
Liberty Global
Liberty Global is a global leader in converged broadband, video, and mobile communications, actively investing in infrastructure, content, and technology ventures. Their investment highlights Plume's importance in enhancing broadband and connectivity services.
Qualcomm
Qualcomm is a world leader in wireless technologies, known for its innovation in mobile and connectivity solutions. Their participation indicates a strong belief in Plume's technology for advancing network performance and smart home capabilities.
What's next for Plume?
With its recent major strategic investment and substantial overall funding, Plume is well-positioned for its next phase of development. The company's focus on AI-driven network optimization and smart home management aligns with the increasing demand for sophisticated connectivity solutions. Future initiatives are likely to involve further platform enhancements, expanding its service provider partnerships, and potentially exploring new market segments. The substantial backing suggests a trajectory towards scaling operations, deepening its technological capabilities, and solidifying its market leadership in the competitive telecommunications and smart home technology sectors.
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