News from our Strategic Partners Plume
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