CALIENT Technologies Lands $10M

Santa Barbara-based CALIENT Technologies, a developer of photonic switching products, said today that it has raised $10M in an expansion financing round. The firm said the funding was led by Arjun Gupta, who is a managing partner at Telesoft and a long time investor in the firm. Gupta becomes Chairman of the firm's board along with the funding. CALIENT also said it has named Gregory Koss as its new CEO; Koss was most recently at BTI Systems. More information »