Santa Barbara's startup ecosystem shows a strong concentration in enterprise technology and artificial intelligence.
Leading the group is LogicMonitor, an IT observability platform that has raised $942.9 million. The area also hosts diverse companies like the cybersecurity provider Bitwarden and the plant-based nutrition company Kate Farms.
Below is our list of 8 Santa Barbara startups worth keeping an eye on.
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Get the Sheet for $50LogicMonitor offers a hybrid observability platform designed for monitoring complex IT infrastructures. Their platform gives IT teams comprehensive visibility across cloud, on-premises, and hybrid environments.
| Year Founded | 2007 |
| Founders | Jie Song, Steve Francis |
| Funding Amount | $942.9M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | PSG Equity, Providence Equity Partners, Golub Capital, Saratoga Partners |
HG Insights provides technology intelligence that helps B2B companies better analyze their markets and target prospects. Their platform uses advanced data science to give go-to-market teams the insights needed to build more effective strategies.
| Year Founded | 2010 |
| Founders | Craig Harris |
| Funding Amount | $18.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Bonfire Ventures, Riverwood Capital, EPIC Ventures, Updata Partners, Rincon Venture Partners |
Bitwarden offers open-source password management solutions that help individuals, teams, and businesses secure their credentials. Their focus on an open-source approach provides transparency and trust for users managing sensitive login information.
| Year Founded | 2015 |
| Founders | Kyle Spearrin |
| Funding Amount | $100M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Headline, PSG Equity, Battery Ventures, Redpoint |
Invoca develops a conversation intelligence platform that uses AI to help marketing, sales, and e-commerce teams. The software analyzes customer calls to provide insights that can optimize digital marketing campaigns and improve the customer experience.
| Year Founded | 2008 |
| Founders | Colin Kelley, Jason Spievak, Robert Duva |
| Funding Amount | $201.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Accel, StepStone Group, Bonfire Ventures, Salesforce Ventures, Industry Ventures |
Theta Lake develops a platform for digital communications governance, helping companies manage compliance and security risks. Their software uses AI to automatically detect potential issues in video, voice, and chat to help meet regulatory requirements.
| Year Founded | 2017 |
| Founders | Devin Redmond, Rich Sutton |
| Funding Amount | $67.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Lightspeed Venture Partners, Battery Ventures, Wells Fargo, Salesforce Ventures, Cisco Investments |
Artera builds AI-powered virtual agents to help healthcare organizations manage patient communications via voice and text. The company's SaaS platform aims to modernize the patient experience by streamlining and personalizing interactions.
| Year Founded | 2015 |
| Founders | Guillaume De Zwirek, Joe Tischler |
| Funding Amount | $45.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Techstars, Right Side Capital Management, Freestyle Capital, Jackson Square Ventures, Lead Edge Capital |
Briq builds a financial automation platform that uses artificial intelligence specifically for the construction industry. Their system helps contractors automate financial processes and make more informed business decisions.
| Year Founded | 2018 |
| Founders | Bassem Hamdy, Ron Goldshmidt |
| Funding Amount | $54M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Alumni Ventures, Tiger Global Management, Blackhorn Ventures, Eniac Ventures, MetaProp |
Kate Farms makes plant-based nutritional shakes and formulas for adults and children with medical needs. Their organic products are designed for clinical use, providing vital nutrition for people who are tube-fed or require supplemental feeding.
| Year Founded | 2010 |
| Founders | Michelle Laver, Richard Laver |
| Funding Amount | $188M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Goldman Sachs, Novo Holdings, Goldman Sachs Asset Management, Coefficient Capital, Aliment Capital |