Santa Barbara Investors Back Solvvy

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 in a seed funding round, which was led by True Ventures, and also included Pear Ventures (formerly Pejman Mar Ventures), Carnegie Mellon University, Signatures Capital, Investment Group of Santa Barbara (IGSB) and angels, including Dan Rose and Hamid Barkhordar. Solvvy is based in Palo Alto. More information »