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Silver Spring Networks
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Short description

Provider of networking communication technologies and solutions to utilities for advanced metering, as well as home energy management, distribution automation, and other related applications

Founded in 2006
Founded in

Company type Public Public (SSNI)
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Redwood City, CA Redwood City, United States
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  • 1 M&A items
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Date Company
01/22/2015

Horizon Power Horizon Power

Horizon Powerhas selected Silver Spring Networks for the deployment of multi-application advanced metering network to its 47,000 cusotmers across Western Australia.

Confirmed by Horizon Power
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Date Partner Type
01/31/2017
Oklahoma Gas & Electric Oklahoma Gas & Electric
Silver Spring to deploy its IPv6 IoT platform and Streetlight.Vision control software to connect and manage up to 250,000 LED street lights within OG&C's Oklahoma service territory.
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Confirmed by Oklahoma Gas & Electric
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IPO INFORMATION

Date

03/13/2013

IPO status

Listed

IPO Type

IPO

Amount

$81M

Initial shares

4750000

Ticker symbol

SSNI

Exchange listed

New York Stock Exchange

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Description

Silver Spring Networks priced its shares at $17 per share and offered 4.75 million shares, totaling $81 million.

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Date Investors Type Amount
03/13/2013 Foundation Capital Foundation Capital (1)
Post-money valuation of
Foundation Capital has purchased shares in conjunction with the expected IPO.
 PIPE $12,000,000
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