Wednesday, February 29, 2012
Cloud-Based File Syncing Platform SugarSync Raises $15M To Add Another Data Center To The Mix
SugarSync, an application that syncs your data across desktop computers, laptops, mobile phones, and even televisions, has raised $15 million in series D financing led by new investor Coral Group with participation from existing investors Draper Fisher Jurvetson, Sigma Partners, Hatteras Venture Partners and Hercules. This brings SugarSync?s total funding to $50 million. Yuval Almog of Coral Group has also joined SugarSync?s Board of Directors. While companies like DropBox have gained much of the media's attention, SugarSync has quietly been plugging along, offering its own take on the cloud, file storage and syncing market. Currently, the platform is offered on a variety of mobile platforms including iOS, Android, BlackBerry, Windows Mobile and Symbian (Windows Phone 7 is coming soon), and features a two-way sync solution for mobile devices.