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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

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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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Santa Barbara Investor Puts $4M Into Mindflash

socalTECH

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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Rincon Backs Software QA Developer

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Santa Barbara-based venture investor Rincon Venture Partners is one of the investors in San Francisco-based Rainforest QA , which recently announced a $12M, Series A funding. Rainforest QA develops tools to help automate software quality assurance (SQA) tasks.

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Yardi Wins Property Development Company

socalTECH

Santa Barbara-based Yardi reported a customer win this week, with multifamily property development company Pennrose Management. Yardi said Pennrose is using its software to handle HUD compliance, online leasing, and check scanning, among other functions. Financial impact of the win was not disclosed. READ MORE>>.

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Yardi Debuts Machine Learning Software

socalTECH

Santa Barbara-based property management software developer Yardi said today that it has launched a new product, which uses machine learning for prescriptive analytics.