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.