Plume Design joined the Unicorn Club after raising $722.4 million across multiple funding rounds, reaching a $3 billion valuation. Founded in 2015 and headquartered in Palo Alto, California, United States, Plume Design provides cloud-managed adaptive Wi-Fi, connectivity, security services, and intelligent network solutions to internet service providers and consumers around the world.
The company’s SaaS driven platform enhances connectivity, performance, and security for smart homes, businesses, and service providers.
Keep reading to learn how Plume Design scaled with strategic funding and investor support.
What Is Plume Design and What Does It Do?
Founded in 2015, Plume Design is a software and hardware technology company that provides adaptive Wi-Fi solutions, cloud based network management, AI powered security, parental controls, and device connectivity services. Plume’s platform enables internet service providers to deliver personalized and optimized Wi-Fi experiences to households and small businesses globally. The company’s services focus on improving coverage, performance, network security, and usability through cloud control and data insights, integrating with partner hardware and broadband services.
How Much Funding Has Plume Design Raised?
1. Series A Round
- Amount Raised: $21.1 million
- Date: August 31, 2015
- Lead Investors: Jackson Square Ventures, Comcast, Samsung Ventures, Presidio Ventures, Liberty Global Ventures, Shaw Ventures
- Purpose: Support early product development and go-to-market execution in adaptive Wi-Fi services
2. Series B Round
- Amount Raised: $4.7 million
- Date: December 31, 2015
- Lead Investors: Liberty Global Ventures, Jackson Square Ventures, Spark Capital
- Purpose: Expand team, accelerate product improvements, and scale early deployments
3. Series C Round
- Amount Raised: $41.6 million
- Date: May 31, 2017
- Lead Investors: Comcast, DI Technology
- Purpose: Fuel product enhancements and expand market reach into service provider networks
4. Series D Round
- Amount Raised: $60 million
- Date: February 24, 2020
- Lead Investors: Charter Communications, Shaw Communications, Service Electric Cablevision, Belkin, Qualcomm, Liberty Global Ventures, Bossa Invest
- Purpose: Strengthen network service capabilities and scale cloud infrastructure for adaptive Wi-Fi solutions
5. Debt Financing
- Amount Raised: $25 million
- Date: February 24, 2020
- Lead Investors: WestRiver Group, First Citizens Bank
- Purpose: Provide additional growth capital to support operations and expansion plans
6. Series E Round
- Amount Raised: $270 million
- Date: February 22, 2021
- Lead Investors: Insight Partners, Bossa Invest
- Purpose: Expand global footprint, accelerate R&D, and enhance cloud connectivity services
7. Series F Round
- Amount Raised: $300 million
- Date: October 11, 2021
- Lead Investors: SoftBank Vision Fund 2
- Purpose: Scale advanced network solutions, AI features, and enterprise-grade connectivity services
Total Funding Raised: $722.4 million Latest Funding Date: October 2021 Latest Known Valuation: $3 billion
Key Investors
- Insight Partners
- Details: Growth equity and venture capital firm
- Focus Areas: Technology scale ups, enterprise software, cloud networking
- SoftBank Vision Fund 2
- Details: Global investment fund focused on technology leaders
- Focus Areas: SaaS, cloud, infrastructure, connectivity platforms
- Jackson Square Ventures
- Details: Venture capital firm focused on early stage tech
- Focus Areas: Network infrastructure, SaaS, connectivity
- Comcast / Comcast Ventures
- Details: Major telecommunications provider and strategic investor
- Focus Areas: Broadband, cloud services, smart home technologies
- Liberty Global Ventures
- Details: Venture arm of Liberty Global
- Focus Areas: Connectivity technologies, broadband services, network hardware
Where Is Plume Design’s Headquarters?
Plume Design is headquartered in Palo Alto, California, United States, serving as the center for its technology development, strategic operations, and global cloud networking initiatives.
What’s Next for Plume Design?
Plume Design aims to extend its adaptive Wi-Fi and cloud managed connectivity solutions, deepen partnerships with service providers worldwide, and innovate with AI enhanced network performance and security. The company is positioned to expand adoption through scalable SaaS offerings, broaden hardware integrations, and support enhanced connectivity in smart homes and enterprise environments.
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