May 27, 2020

Plume – $85 Million

Plume

Palo Alto, CA ; 2/26/20

Amount Funded: $85 Million (60 million VC financing, $25 million debt financing)

Type: Series D

Investor(s): Charter Communications, Qualcomm Ventures LLC, Belkin , Service Electric Cablevision, Liberty Global, Shaw Communciations.  Debt facility: Silicon Valley Bank, WestRiver Group

Total Funding to Date: $127 Million

Company Description: “Plume is the creator of the world’s first Consumer Experience Management (CEM) Platform powered by OpenSync™. As the only open and hardware-independent solution, Plume enables the curation and delivery of new Smart Home Services rapidly and at massive scale. The Plume service bundle which includes Plume Adaptive WiFi™, HomePass®, AI Security™, and Plume Motion™ is managed by the Plume Cloud, a data- and AI-driven cloud controller currently running the largest software-defined network in the world. Plume leverages OpenSync™, an open-source framework which integrates into a broad set of silicon & platform SDKs for connection to the Plume Cloud.”

What funding will be used for:

Not listed

Quotes:

“We believe in the cloud, a massively scalable data-driven platform, a SaaS delivery model, and an open-source approach to build a market-leading, high-growth enterprise efficiently and with operating leverage. I’m hugely thankful for our people, customers, partners, and investors for helping us deliver on our promise, and honored by the confidence of our new investors and strategic partners.”

Fahri Diner, co-founder, CEO, Plume

“We’ve been enthusiastic investors and committed supporters of Plume since their Series A, and are now excited to partner with these industry leaders in the journey. It has been really satisfying to be a part of this incredible growth and such a talented team.”

-Ankur Prakash, VP, Liberty Global Ventures

Notes:

  1. Andrew Ip, SVP of Emerging Technology & Innovation at Charter Communications joins Plume’s board of directors.

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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