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.
The company says it has millions of customers in over 100 countries, and this number is expected to grow. SugarSync was selected as the Cloud partner of choice by Samsung, Lenovo, Fujitsu, SanDisk, France Telecom- Orange, Korea Telecom, SoftBank Mobile and will be introduced to over 100 million new customers via product integration with these partners in 2012.
CEO Laura Yecies tells us that the company didn’t need to raise money but wanted to increase investment in staff and in architecture to mitigate growth. And raising money wasn’t an issue. She said that whereas years ago, investors were hesitant about investing in cloud based file storage, now these same investors have no problems writing a check.
The new funds will be used to double the staff count this year and SugarSync is also planning to add another data center. She adds that SugarSync’s user grew 600 percent last year alone.