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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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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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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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Eucalyptus, Jamcracker Link Cloud Computing Software

socalTECH

Santa Barbara-based Eucalyptus , which develops cloud computing management software, and Jamcracker , a developer of software for provisioning public and private cloud services, said today that the two firms have integrated their software. Business terms of the effort were not disclosed. READ MORE>>.

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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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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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RightScale Gets $25M For Cloud Computing Software

socalTECH

Santa Barbara-based RightScale , a developer of cloud computing management software, announced this morning that it has raised $25M in a new round of funding. According to the firm, the new funding will go towards accelerating development of its products. The funding brings the company's total raised to around $42.5M