Plume, a technology firm that helps improve home WiFi and internet security as everything from coffee machines to door bells go online, said on Tuesday it had raised $270 million from private equity firm Insight Partners, valuing the company at $1.35 billion.
Plume’s technology is in over 22 million households around the world, and the service is offered through communications service providers like Comcast, co-founder and Chief Executive Fahri Diner told Reuters.
He said communication service providers use Silicon Valley-based Plume to help improve the home internet experience – from tools for parental control to expanding WiFi range in the home to cyber security of connected devices.
“Business was good even before COVID because in-home connectivity, security, parental controls and so on is sort of bread and butter for a lot of people,” Diner said.
By By Jane Lanhee Lee
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