Deals

SugarSync grabs $10M from ORIX to expand its data-center footprint

sugarsync-funding

sugarsync-funding

Cloud syncing startup SugarSync has raised $10 million in new funding that will help the business build more data centers around the world, the company announced today.

Much like its biggest rival, Dropbox, SugarSync helps individuals and small businesses manage and back up files across multiple platforms, including PCs, Macs, iOS, Android, BlackBerry, and Windows Mobile. But unlike Dropbox, which dominates the conversation around consumer-focused cloud storage in the tech press, SugarSync has been more of a word-of-mouth success, with millions of users telling their friends and family to sign up.

The company has also seen growth because its software is now being included on devices from Samsung, Lenovo, and Fujitsu. These partners, among others, have help SugarSync grow globally. But with that growth comes the need for more data centers, so the company sought out new financing. ORIX Venture Finance answered the call.

“With constant 400-600 percent year-over-year growth, we remain committed to expanding our datacenter footprint globally to ensure that we can continue to scale and provide the best cloud service for our ever-increasing user base,” said Peter Chantel, CFO of SugarSync, in a statement.

Including today’s new financing and its prior funding rounds, San Mateo, Calif.-based SugarSync has raised about $60 million. The company was founded in 2008.

Photo credit: SugarSync