Plume, the company behind the smart home service offerings of more than 170 Communications Service Providers (CSPs) served to more than 22 million households across the globe, today announced that it has closed a $270 million minority investment from global venture capital and private equity firm Insight Partners. This Series E round at a $1.35 billion valuation brings Plume's total equity funding to $397 million.

Plume is the creator of the world's first SaaS experience platform for Communications Service Providers (CSPs) and their subscribers deployed globally. As the only open and hardware-independent solution, Plume enables the rapid delivery of new services for connected homes (and beyond) at massive scale. For consumers, Plume delivers self-optimizing WiFi, cyber-security, access controls, parental controls, motion sensing, and more. CSPs get robust back-end applications for unprecedented visibility and both reactive and pre-emptive support. Plume leverages OpenSync™, an open-source framework which comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.