Silver Spring Networks Secures $12,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b42c2141-494b-4227-bce6-e3f5267c28fb&Preview=1
Date
9/18/2012
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 smart grid, low-cost services.
Website
http://www.silverspringnetworks.com
Transaction Type
Venture Equity
Transaction Amount
$12,000,000
Transaction Round
Undisclosed
Proceeds Purposes
We plan to use the net proceeds of this private placement for general corporate purposes, including working capital and potential acquisitions.
M&A Terms
Venture Investor
Foundation Capital