To boldly go...
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.
“Through its innovative cloud data platform, we believe Plume’s consumer-first approach provides customers with reliable connectivity in their homes and beyond. We are pleased to partner with Fahri and the team to support their ambition of reinventing services for smart spaces globally.”
Nagraj Kashyap
Our core belief is that every service provider, irrespective of size or location, should have equal access to the best technology to super-serve their subscribers and create the smarter spaces required for the future.
Managing Partner at SoftBank Investment Advisers and newest Member of the Plume Board of Directors
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.
In the last two quarters:
We welcomed over 70 new CSP customers and partners.
170 → 240+
partnerships
active households added
>13 million
We averaged 2.2 million new home activations each month.
unique client devices managed by Plume-powered networks
>1.2 billion
We added over 350 million new managed devices to our global cloud platform.
Find out more about partnering with us
SoftBank estimates that there will be one trillion connected devices by 2025, but CSPs have struggled with optimizing for, and delivering, exceptional experiences for the modern consumer. Plume offers them a launching pad for a sustainable future in the digital-first economy with a suite of AI-driven, cloud-controlled services for residential customers and small businesses.
Those services include adaptive, self-optimizing WiFi, secure parental and access controls, AI device security, motion awareness, and back-end applications for CSPs, like predictive support tools and service, and network analytics. The data pipeline of these services and connected devices provides unique insight into the smart home and small business.
Founder and CEO of Plume
Fahri Diner
“Our explosive growth over the last few years is explained simply: Plume has reinvented how services for smart spaces are curated, delivered at scale, and managed and supported. We’re moving beyond the limitations of the legacy approaches that couple hardware and services into a ‘box’—choking the CSPs’ ability to introduce and scale delightful new experiences to the consumers rapidly and effectively.
Our vision and ambitions are perfectly aligned with SoftBank’s, and we are thankful for their support and confidence in Plume.”
Work with the best
The latest investment will continue to drive research and development, sales and marketing, new partnerships, and acquisitions as Plume continues its global expansion and hyper-growth.
At such an exciting time, we are looking for more thinkers, dreamers, and doers to join us, with a focus on adding roles in software development, sales, product development, and engineering. Ours is a business built on passion and vision, with a powerful innovation pipeline. As an employee, you can expect the same cutting-edge approach to flexibility, organization, and benefits in your everyday life.
Our current team
475+
employees
Our dream team by EOY
600+
employees
Find a job at Plume
