Silver Spring Networks Announces $100M Financing

Silver Spring Networks, a Redwood City-CA-based Smart Grid solutions provider, announced the closing of a $100m preferred equity round.
The round was led by institutional investors and included existing investors Google Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and Northgate Capital.
The new funds will be used to develop new smart grid applications, expand its team, and to accelerate growth at a global level.
Silver Spring Networks has a subsidiary in Melbourne, Australia.

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