Plume raises $300M as it passes 1.2B devices in 35M homes using its smart WiFi service
https://techcrunch.com/2021/10/12/plume-raises-300m-as-it-passes-1-2b-devices-in-35m-homes-using-its-smart-wifi-service/
Plume — a communications startup that partners with carriers to provide smart mesh WiFi to improve broadband connectivity in homes, and then offers other smart home services on top of that network — has been in the middle of a massive boom in its business fueled by the rapid uptake, use, and complete reliance on broadband in the home working as best as it can.
Now it has closed a huge funding round to ride the wave. The Palo Alto-based startup has raised another $300 million led by SoftBank Vision Fund 2 at a valuation of $2.6 billion. Plume’s CEO and founder Fahri Diner said the startup will be using the money to continue building out its software platform, inking and servicing more deals with carriers, and generally expanding its horizons.