Entering a new era
I’m thrilled to share that today we announced a $270 million minority equity investment from global venture capital and private equity firm Insight Partners and welcomed Insight Managing Director Ryan Hinkle to Plume‘s board.
We are convinced that Plume, with its scalable cloud data platform approach, highly efficient go-to-market strategy, strong momentum, top-quartile financial performance across all SaaS KPIs – including revenue, growth rates, gross margin, efficiency and retention metrics – and world class team is transforming this category.
What does all this mean for our customers?
Ryan Hinkle, Managing Director, Insight Partners
And with each passing year, we knew that we weren’t just expounding on what came before us–we were building a revolutionary rocketship for CSPs and subscribers to climb aboard.
Revolution, day 1
Could the key to creating the world’s largest, fastest, smartest WiFi network be to decouple broadband from WiFi service for the collective good?
2014
Mission: find and assemble a brilliant, driven team. Set unreasonable expectations. Go.
It all depends on the people
2015
With a drumbeat pounding “software over hardware and the cloud at the center,” we invented the world’s first and only learning WiFi service: Adaptive WiFi.
Now, to solve WiFi
2016
We knocked on the doors of the leading Cable Operators and Telcos. They answered. Welcome, Bell Canada and more.
Going to market
2017
Speed and freedom of choice for CSPs was answered by OpenSync, an open-source silicon-to-cloud framework. A new era of hardware-agnostic experience deployment was ushered in.
Open source opens doors
2018
Combating the death of the triple play and growing subscriber churn, we offered a comprehensive platform approach for CSPs to deliver awesome in-home experiences through amazing WiFi.
A new bundle emerges
2019
Plume reached critical mass: 150+ partners, 20+ million homes, over half a billion devices managed. New services are devoured at breakneck speeds.
Entering hyper-drive
2020
All engines are firing and the stage is set for even more explosive, transformative growth. 5...4...3...2...1...
Endless possibilities
2021
Since founding Plume six years ago, each passing year has felt like the most transformative, each one bringing our beliefs a little closer to reality. In late 2014, Plume‘s co-founders and I fantasized about coordinating the world’s largest WiFi network. We wondered how we could facilitate a massive software-defined network for the greater good of all Communications Service Providers (CSPs) and the subscribers they serve.
In short: more services that will expand the limits of what was thought possible within our category.
Now, our 300+ talented people are even better equipped to serve our customers through technology and product innovation, market and channel expansion, and more delightful experiences for the home and beyond.
Thank you, again, for trusting in our team. We’re excited to enter this new era of growth. Together with our leadership team, super-talented workforce, investors, customers, and partners, we’re primed to create even smarter spaces and more delightful experiences for homes and businesses. It is an honor to be on this journey with you.
And we’re just getting started...
Fahri
Our strength is your strength. We raised additional funding to accelerate our innovation pipeline.
On behalf of my co-founders Adam, Sri, and Aman, I’d like to thank our global team, partners, customers, and investors who are relentlessly helping Plume realize its vision to fundamentally change the way WiFi operates in the modern world, and the way CSPs are able to go to market with delightful, personalized experiences for the humans living at the center of every place and space.
We will invest in growing our teams across the US, Canada, Japan, Slovenia, Switzerland, Poland, Taiwan, and beyond.
We will rapidly expand our services beyond homes into small businesses.
We will continue to deliver the highly personalized subscriber experiences that enable CSPs to compete in a challenging and fluid market.
We will expand sales, marketing, global distribution, and industry partnerships.
We will become more visible and accessible throughout the world, in tune with our core belief :
“Every service provider irrespective of size or location, should have equal access to the best technology to super-serve their subscribers, and to create the even smarter spaces required for the future.”
We will harmonize consumer experiences across the unlicensed and licensed wireless spectrum.
We will expand sales, marketing, global distribution, and industry partnerships.
We will harmonize consumer experiences across the unlicensed and licensed wireless spectrum.
