Silver Spring Networks Obtains $100,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=09700e3e-e0df-461e-80a0-e38949f28a94&Preview=1
Date
12/15/2009
Company Name
Silver Spring Networks
Mailing Address
555 Broadway Street Redwood City, CA 94063
Company Description
At Silver Spring Networks, we develop intelligent, IP-based networking products that allow utilities to dramatically improve efficiency, provide their customers with insight and control, and ensure the reliable delivery of low-cost services.
Website
http://www.silverspringnetworks.com
Transaction Type
Venture Equity
Transaction Amount
$100,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Silver Spring plans to use the money it has raised for expansion of its global footprint and development of new products in upcoming sectors such as plug-in hybrids or electric vehicles.
M&A Terms
Venture Investor
Google Ventures
Venture Investor
Foundation Capital
Venture Investor
Kleiner Perkins Caufield & Byers
Venture Investor
Northgate Capital