Plume Raises $270M
Summary
PALO ALTO, CA, Plume today announced that it has closed a $270 million minority investment at a $1.35 billion valuation. 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 Plumes total equity funding to $397 million. Plume is the creator of the worlds first SaaS experience platform for Communications Service Providers (CSPs) and their subscribers deployed globally. As the only open and hardware-independent solution, Plume enables the rapid delivery of new services for connected homes (and beyond) at massive scale.
Funding
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