Plume raises $270 mn from private equity firm Insight Partners

Plume, a technology firm that helps improve home WiFi and internet security, has raised $270 million from private equity firm Insight Partners.
IoT and smart homePlume’s technology is in over 22 million households around the world, and the service is offered through communications service providers like Comcast.

Plume’s co-founder and chief executive Fahri Diner told Reuters that 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.

Diner said the funding will be used to invest heavily in research and development and grow the business globally.