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Home : Venture Capital : Smart grid company gets 75 mln in venture capital
Smart grid company gets 75 mln in venture capitalA Silicon Valley company that develops smart-grid technology has received $75 million in new funding from venture capitalists.
Silver Spring Networks, based in Redwood City, California, builds software and hardware that lets utility companies manage their power transmission and distribution networks more efficiently. The company, founded in 2002, already provides its technology to Florida Power & Light Co and Pacific Gas and Electric Co. Kleiner Perkins Caufield & Byers led the latest round of financing through its $500 million Green Growth Fund. Previous venture capital backers Foundation Capital and Northgate Capital also participated. (Reporting by Anupreeta Das; editing by Carol Bishopric) http://www.reuters.com/article/privateEquity/idUSN0639299020081007 369 times read
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