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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.

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Investment Group of Santa Barbara Backs Mindflash

socalTECH

The Investment Group of Santa Barbara is the primary backer of a developer of online training software for corporations, which announced a funding round Thursday. Mindflash , a Silicon Valley-based developer of online software for learning management and developing corporate training, said it raised $3.5M READ MORE>>.

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eyko Raises $2.5M For Data Software

socalTECH

Santa Barbara-based Eyko, a new startup focused on "data preparation, blending, and streaming", says it has raised $2.5M The company said its software moves technical data preparation tasks usually performed by IT to non-technical business users. in a Seed funding round, the company announced this morning.

Software 202
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No, Santa Barbara Did Not Have A Massive 6.8 Earthquake On Wednesday

socalTECH

The alert --which was erroneously repeated across multiple publications via automated "bot" postings--apparently came as a result of a software error, which occurred as researchers were looking into historic records of a 6.8 earthquake which occurred in Santa Barbara in 1925. Alerts were sent for a M6.8 in California.

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RightScale Expands In Santa Barbara

socalTECH

Santa Barbara-based RightScale , the developer of cloud computing software, is expanding its space in Santa Barbara, according to a report. RightScale's software is used to manage the deployment of private and public cloud software. READ MORE>>.

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Beni Raises $5M For Secondhand Shopping Software

socalTECH

Santa Barbara-based Beni, a startup which lets users find and buy secondhand apparel and accessories, said this morning that it has raised $5M in funding. The company said it offers up access to secondhand products through its own browser extension software. Beni is led by CEO Sarah Pinner, and was co-founded by CTO Celine Mol.

Software 113
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IPO Slowdown? Not For This Market: Santa Barbara

socalTECH

Amid hand wringing about an IPO slowdown in 2015, there's one shining region which had a banner IPO and acquisition year last year: Santa Barbara. The city and surrounding region, which has been a long time technology hub, had a huge IPO and exit year, according to an analysis conducted by socaltech. The biggest exit was the $1.5