Silver Spring Networks offers a unified Smart Energy Platform that connects meters, load management controllers, electric-vehicle charging stations and other devices to utilities. The firm supplies the hardware, software and services needed to create interoperable smart utility networks. Over its platform, utilities can deploy advanced applications including Smart Metering, Demand Response, Distribution Automation and Distributed Generation. The company positions its technology to transform delivery of smart grid services, improve energy efficiency, empower customers and ensure reliable, low-cost service delivery. According to a Securities and Exchange Commission filing, the company recently raised $30 million from a single investor. The firm is based in Redwood City, CA. Silver Spring Networks 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. The company lists customers such as Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks, Pacific Gas & Electric, Pepco Holdings and United Energy Distribution. It is based in Redwood City, California. Silver Spring filed with the SEC for an IPO of its common stock on July 7, 2011. Prior investors include Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Northgate Capital. The company recently received an additional investment from publicly traded GSV Capital Corp. Silver Spring Networks makes data networking equipment and infrastructure that links smart meters to utility networks, enabling real-time energy consumption data transfer. The company sells to utilities and has landed contracts with Pacific Gas & Electric, Florida Power & Light, Pepco Holdings and American Electric Power. It has $800 million in deals in the pipeline to connect about 16 million utility customers. Recent strategic moves include acquiring Greenbox, a home energy monitoring company, and partnering with AT&T to allow utilities to use AT&T’s wireless networks for data transfer. Silver Spring plans to use new equity to add more utility customers and grow its presence in Australia, and may expand into additional smart-grid segments. The company is based in Redwood City, Calif., and CEO Scott Lang has signaled that a public offering could be imminent. Silver Spring Networks builds communications equipment and systems that connect utilities to electricity consumers for smart-grid and energy-efficiency applications. The article describes the company as rapidly growing. It recently raised $75M in a financing led by Kleiner Perkins' Green Growth Fund. That raise follows a $60 million third round the company completed in April of this year. No operating metrics (revenue or users) or additional financial details were provided in the article.

Total raised

$205M

Funding rounds

4

Latest round

Equity

Latest activity

Mar 2012