Sharpcast Raises Funds

SAN MATEO, Calif. -- Sharpcast Inc., makers of the award-winning SugarSync online data back-up and storage, syncing and file sharing service, today announced the company has received $10 million in Series AA financing from Sigma Partners, Draper Fisher Jurvetson and Selby Ventures.

SugarSync has matured into a sophisticated, yet easy-to-use ‘sync and store’ solution,” said Laura Yecies, chief executive officer at Sharpcast. “Consumers, with new netbooks and smartphones in hand, want to sync all their devices and back-up data online. SugarSync makes it happen. This funding will enable us to capitalize on this burgeoning market and continue to add great new features to SugarSync.”

“This company has the right product at the right time. With Laura also joining as CEO in December, we have high expectations for Sharpcast and are very pleased to be supporting its future success,” said Andreas Stavropoulos, managing director at Draper Fisher Jurvetson and Sharpcast board member.

Sharpcast Inc.