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Silver Spring Networks  (Stock symbol: SSNI ) Acquired by Itron (2017 $ 830,000,000 )

555 Broadway Street
Redwood City, CA 94063
USA
650.298.4200
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Peter Van Camp (Equinix Executive Chairman) Laura Tyson (UC Berkeley-Haas School Dean) Jonathan Schwartz (Sun Microsystems Former CEO) Warren M. Weiss (Foundation Capital) Scott Lang (Silver Spring Networks Executive Chairman) Thomas H. Werner (SunPower CEO) Thomas Kuhn (Edison Electric Institute President) Rick Simonson (Nokia Group)
Former outside board: Corbin McNeill (Exelon Former CEO) John R. Joyce (Silver Spring Networks Vice Chairman) Ben Kortlang (Kleiner Perkins Partner) Adam Grosser (Foundation Capital)
Former advisory board: L. John Doerr (Kleiner Perkins Partner) Al Gore (Vice President of the United States of America);  David Mount (Kleiner Perkins)
Company

Business description: Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with more than 20 million Silver Spring enabled devices delivered, is connecting utilities to homes and business throughout the world with the goal of achieving greater energy efficiency for the planet. Silver Spring’s innovative solutions enable utilities to gain operational efficiencies, improve grid reliability, and empower consumers to monitor and manage energy consumption. Silver Spring Networks’ customers include major utilities around the globe such as Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy and Singapore Power, among others. To learn more, please visit www.silverspringnet.com.
Customers include: Pepco Holdings PGandE ;  Baltimore Gas and Electric ;  Consumers Energy;  CPFL ;  Florida PowerAndLight ;  Guelph Hydro Electric Systems ;  Hitachi ;  Jemena ;  Modesto Irrigation District ;  Oklahoma Gas and Electric ;  Oklahoma GasAndElectric ;  Westario Power Services
Partners include: Cisco SystemsDC Systems EMC eMeter GEGenusGridPointItron OracleOSIsoftStreetlight.Vision ;  CableandWireless Worldwide ;  Carrier;  ComEd ;  Comverge;  Control 4;  CPS Energy ;  Elster;  Energate;  Graybar;  Gridbox;  Hitachi ;  Invensys Controls;  Landis+Gyr ;  OGandE Electric Services ;  Onzo ;  PRI ;  Radio Thermostat;  Sensus Metering Systems
Capital

Rounds: 5
Recent Fundings: Dec 2009   Oct 2008
Capital raised: 244.5M
Last Round: 100.0M
Ownership: Acquired by Itron (2017 $ 830,000,000 ) Ipo Filing
Stock Symbol: SSNI
Corporate investors: Intel Capital;  JVB Properties

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Overview
Record updated: Jan 2018
Sector: Communications
Year Founded: 2002
Headcount: 501-600 as of May 2013
Rounds: 5
Recent Fundings: Dec 2009   Oct 2008
Capital Raised: 244.5M
Last Round: 100.0M
Ownership: Acquired by Itron (2017 $ 830,000,000 ) Ipo Filing
Stock Symbol: SSNI