Silver Spring Networks Receives Investment from GSV Capital
Silver Spring Networks, a Redwood City, CA-based energy efficient smart grid provider, has received an investment of undisclosed amount from the publicly traded investment fund GSV Capital Corp. (Nasdaq:GSVC).
The company, which filed with the Securities and Exchange Commission for an IPO of its common stock on July 7, 2011 (read here) already included Kleiner Perkins Caufield & Byers Google Ventures, Foundation Capital, and Northgate Capital as investors (read here).
Silver Spring provides hardware, software and services designed to allow utilities to deploy and run multiple smart grid solutions, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. Customers include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and United Energy Distribution, among others.