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

By: , IntoMobile
Friday, March 2nd, 2012 at 5:09 PM

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.

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.

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