Silver Spring Networks Secures Another $100M

Dec 16 2009 | 11:07am ET

Silver Spring Networks has closed a $100 million preferred equity round led by institutional investors, including existing investors Google Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and Northgate Capital.

The California-based smart grid solutions provider says the financing will be used for development of new smart grid applications, job growth and the continued expansion of Silver Spring’s global footprint.

“We have a terrific opportunity to accelerate the development and deployment of next-generation smart grid initiatives,” said Warren Jenson, Silver Spring CFO. “At a time when world leaders have gathered in Copenhagen, we’re honored to be partnering with some of the most progressive utilities in the world to address energy efficiency by building out the smart grid. We are pleased to have a great set of investors that share our vision.”

Silver Spring provides the hardware, software and services that allow utilities to deploy advanced applications, including smart metering, demand response, distribution automation and distributed generation, over a single, unified network.


In Depth

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note