Silver Spring Networks Gets $100M For Smart Grid Products
Redwood City-based Silver Spring Networks announced this morning that it has closed on a $100M, preferred equity funding round. Silver Springs, which develops smart grid products for the electric utility market, said the funding included existing investors Google Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers, and Northgate Capital. The company said the new funding will go towards developing new smart grid applications, job growth, and expansion of its global footprint.
posted on Tuesday, December 15, 2009 (Link to more information)
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