Calix has raised $100 million in financing and added three new members to its board of directors. The new financing of $50 million in equity raised from existing Calix investors and $50 million in debt financing established with Silicon Valley Bank.
Calix will use the funds to capitalize on the growth opportunities afforded by the $7.2 billion U.S. Broadband Stimulus program. Noting that more than 40 percent of the rural service providers in the United States are using its Unified Access Infrastructure to deliver advanced broadband services. Calix said it is uniquely poised to benefit from the Broadband Stimulus portion of the American Recovery and Reinvestment Act (ARRA
The new directors to the Calix board include Michael Marks of Riverwood Capital, Adam Grosser of Foundation Capital, and Robert Finzi of Sprout Group. http://www.calix.com
