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Pacific Coast Business Times: Two Santa Barbara tech firms raise combined $95M in venture capital

By March 25, 2022No Comments
Mergers Acquisitions and Funding in the Training Industry Q4 2020 2.1.21

Two Santa Barbara software companies announced Series B Funding rounds on March 23, each in the neighborhood of $50 million.

MixMode, a cyber defense company, raised $45 million in Series B funding, led by PSG, a growth equity firm partnering with middle-market software and technology-enabled service companies, with additional participation from an existing investor, Santa Barbara-based Entrada Ventures.

Theta Lake also announced its capital raise on March 23, a $50 million Series B Funding round led by Battery Ventures. The round also includes investments from notable companies such as Cisco, Salesforce and Zoom.

In total, Theta, a video analytics and compliance software company, has raised $70 million.

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