SugarSync raises $15 million Series D round further expand its reach

SugarSync raises $15 million Series D round further expand its reach

Cloud services provider SugarSync completed a $15 million series D financing round, with a plan to use the new cash to further grow its team and “dramatically expand” its datacenter footprint as the company continues to scale globally. This brings SugarSync’s total funding to $50 million.

The round was led by new investor Coral Group, while existing investors also participated, including Draper Fisher Jurvetson, Sigma Partners, Hatteras Venture Partners and Hercules.

SugarSync has been selected as the cloud partner of choice by Samsung, Lenovo, Fujitsu, SanDisk, France Telecom-Orange, Korea Telecom, SoftBank Mobile and others, all of which will help the company reach more than 100 million new customers in 2012.

SugarSync is apparently the only cloud solution that is built with the flexibility to sync all of your folders (not just one), and is available on most mobile devices, including iOS, Android, BlackBerry, Windows Mobile and Symbian – with Windows Phone 7 coming soon.

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