Calix raises $100M, eyeing stimulus

Calix has raised $100 million in new funding in part to help the privately held access equipment vendor take advantage of the federal government's broadband stimulus program. The new capital consists of $50 million in new equity and $50 million in debt from Silicon Valley Bank. Calix has been involved to some degree with over 100 projects submitted for the first round of funding and suspects the second and third rounds could draw far more participation.