Telecom Calix raises $100 million - North San Francisco Bay Area, Sonoma, Marin, Napa counties - North Bay Business Journal - Archive

PETALUMA - Local telecom equipment maker Calix has raised an unprecedented $100 million in debt and venture capital to fund expansion and pursue federal stimulus money, the company announced today. The funds, the largest amount raised by a North Bay company in nearly 10 years and a figure reminiscent of the halcyon days of the tech boom, consist of $50 million from existing Calix investors and $50 million in debt financing established with Silicon Valley Bank.

Calix also announced the addition of three prominent venture capital partners to its board of directors.Calix hopes to leverage its position as market leader in access solutions for rural carriers to capture some of the $7.2 billion in the U.S. broadband stimulus program, part of the National Recovery and Reinvestment Act. More than 40 percent of rural carriers deploy the Calix access solutions for broadband service delivery over both copper and fiber-based networks...