Silver Spring Networks Raises $75 Million

Silver Spring Networks, a Redwood City, Calif.-based provider of smart grid technology solutions, has raised $75 million in new VC funding. Kleiner Perkins Caufield & Byers led the round, and was joined by return backers Foundation Capital, JVB Properties and Northgate Capital. A portion of the $75 million has been reserved for “strategic partners.” The company had previously raised over $90 million.

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