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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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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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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.

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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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Lastline Finds $10M For Malware Defense Software

socalTECH

Santa Barbara-based Lastline has raised $10M in a funding round, to go towards the development of its malware defense software, the firm announced this morning. According to the firm, the funding will go towards both sales and further developing its software. Lastline is led by Jens Andreassen. READ MORE>>.

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Yardi Enhances Property Management Software

socalTECH

Santa Barbara-based Yardi has enhanced the company''s flagship property management software, Yardi Voyager, saying it has added a new tool for asset management and inventory control. yardi property management software saas mobile tablet' READ MORE>>.

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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