Plume, founded in 2015 by Fahri Diner and team, is a Palo Alto-based United States company specialising in adaptive, self-optimising Wi-Fi and smart-home services delivered via a cloud platform. Plume partners with communications service providers to deploy its pods and software which wirelessly connect across devices and environments without requiring Ethernet.
What Is Plume and What Does It Do?
Plume, founded in 2015 by Fahri Diner (and co-founders) is a Palo Alto-based (United States) technology company. Plume develops and provides a self-optimising, adaptive Wi-Fi system that utilises a patented allocation system and wirelessly connects smart-home pods without relying on Ethernet over power line communication.
Plume employs between 201–300 employees (as at Dec 2022) and its platform serves both residential and small-business settings through communications service providers, delivering smarter, cloud-managed connectivity and device management across homes, IoT ecosystems and network-edge environments.
How Much Funding Has Plume Raised?
1. Series E
- Amount Raised: $270 M
- Date: February 2021
- Lead Investors: Insight Partners
- Motivation: To scale operations, expand device-footprint and broaden service offerings for its Wi-Fi and smart-home platform.
2. Series F
- Amount Raised: $300 M
- Date: October 2021
- Lead Investors: SoftBank Vision Fund 2
- Motivation: To accelerate global expansion, R&D in AI-driven network services, and broaden its smart-space ecosystem.
Total Funding Raised: $697 Million
Current Valuation: $2.6 Billion (as of Oct 2021)
Latest Funding Date: October 2021
Key Investors
1. SoftBank Vision Fund 2
- Details: A large technology-focused global investment fund under SoftBank Group.
- Investment Focus Areas: Consumer internet, infrastructure, AI platforms, connectivity.
- Notable Investments: Plume.
2. Insight Partners
- Details: US-based growth-stage private equity and venture firm.
- Investment Focus Areas: Software, internet infrastructure, enterprise and consumer tech.
- Notable Investments: Plume.
Where Is Plume’s Headquarters?
Plume is headquartered in Palo Alto, California, United States. This Silicon Valley location offers proximity to leading broadband service providers, chip and hardware OEMs, tech talent and venture-capital ecosystems.
What’s Next for Plume?
Plume’s future roadmap includes expanding beyond residential Wi-Fi into broader smart-space and small-business connectivity, enhancing its AI-driven analytics and device-management capabilities, and growing its partnerships with telecom and broadband providers globally. While competition remains from in-home connectivity solutions and hardware vendors, Plume’s SaaS-centric model and large device footprint position it to capture further value in a world with growing smart-device density.
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