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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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Theta Lake Takes $12.7M For Security, Compliance Software

socalTECH

Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding.

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Anchore Gets $5M For Software Container Security

socalTECH

Santa Barbara-based Anchore , which is developing security software aimed at the "container" market, has raised $5M in a funding round, the company disclosed this morning. The funding came from local angel Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures.

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Los Angeles Fast 500 Winners Announced

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The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.

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Los Angeles Stacks Up Inc. 500 Firms

socalTECH

magazine, has 42 companies in the Los Angeles area on the list. The Los Angeles metropolitan area was ranked just behind Washington, D.C. (50 Los Angeles based Savings.com was 135, with 2,077% growth; San Diego's ServiceNow was 260 at 1,240% growth; and Santa Monica's TrueCar was 480, with 721% growth in the last three years.

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FastSpring Acquired By Accel-KKR

socalTECH

Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. FastSpring had been backed by Los Angeles-based investment firm Pylon Capital, and counts such customers as Adobe and Microsoft. READ MORE>>.

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Rincon Backs LiftIgniter

socalTECH

Santa Barbara-based venture investor Rincon Venture Partners is one of the backers in a funding round for LiftIgniter , a developer of machine learning software used for personalization.