Friday, June 29, 2012

SugarSync Gets $10M

San Mateo-based SugarSync, a provider of cloud storage and synchronization services, has raised $10M in a financing round, according to ORIX Venture Finance. According to ORIX, the funding is on top of a recent Series D financing round by SugarSync, and will be used to accelerate expansion of SugarSync's datacenter footprint. Details on the round were not announced, however, the round is most likely in the form of venture debt from ORIX. SugarSync is venture backed by Coral Group, Draper Fisher Jurvetson, Sigma Partners, Hatteras Venture Partners and Hercules. The firm raised a $15M Series D in February.