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Santa Barbara Investors Back Solvvy

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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

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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

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Santa Barbara Investor Puts $4M Into Mindflash

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The Investment Group of Santa Barbara , a venture capital investment group based in Santa Barbara, has invested $4M in funding for a developer of a web-based cloud training software firm, Mindflash , Mindflash said today. The firm is led by Donna Wells, the former CMO of Mint.com. READ MORE>>.

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RightScale Expands In Santa Barbara

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Santa Barbara-based RightScale , the developer of cloud computing software, is expanding its space in Santa Barbara, according to a report. RightScale is venture backed by Tenaya Capital , DAG Ventures, Benchmark Capital , Index Ventures , and Presidio Ventures. READ MORE>>.

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Yardi Wins Cortland Capital Market Services

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Santa Barbara-based property management software developer Yardi said Friday that it has signed up Cortland Capital Market Services LLC, as a new customer. Cortland Capital Market Services, which is based in Chicago, provides investment servicing, and is using Yardi's Investment Management software.

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Invoca Claims Record Results, Says It Will Hit $100M Revenues By EOY

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Santa Barbara-based Invoca, which develops call tracking and other customer tracking software, says it is on the path towards $100M in annual recurring revenue (ARR) by the end of its fiscal year. The company has raised $116M in venture capital, from such investors as Accel, Upfront Ventures, H.I.G.

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Procore Now Worth More Than $11 Billion After IPO

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Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 Morgan Securities, Barclays Capital, and Jefferies, along with Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co., Piper Sandler & Co.,