WiMAX company, Telsima, raises $25M in debt
Telsima, a Sunnyvale, Calif. provider of WiMAX broadband technology that lets carrier customers access the Internet, said it has gotten $25 million in debt.
SVB Silicon Valley Bank provided the financing.
From the company’s statement:
Telsima won multiple, multi-million dollar contracts from Tier I operators in 2007 for rolling out their WiMAX networks in India. Telsima also has some significant projects in the pipeline in other emerging markets, most specifically, CEE. Telsima has tied up with major contract manufacturers in India and Europe for supplying equipment to its existing and new customers. The manufacturing of equipment commenced in the past financial year.
Earlier this year, Telsima raised $50 million in venture funding from NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia and others, making for total VC funding of $80 million.
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