Silver Spring Networks filed for a potentially $150 million IPO this week, but the group that stands to gain in the short term is Silver Spring’s stead fast venture backer Foundation Capital. Foundation Capital owned 41.5 percent of shares before the offering.
Can the municipal Wi-Fi concept make the leap to all-inclusive smart grid communications solution? Sunnyvale, Calif.-based Tropos Networks is trying it out, and unveiled new products and networking architecture Monday morning for everything from super-fast distribution automation gear to millions of smart meters.
Last week, Cisco bought startup Arch Rock, who promises an IP-compliant set of mesh networking technologies Cisco plans to bring to market with smart meter giant Itron. It’s a move that places the three companies squarely in competition with, well, just about everybody else in the space, but what does this new combination really offer the industry?