# Synchronoss Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synchronoss-technologies

- Industry: Software
- Headquarters: Bridgewater, US
- Website: www.synchronoss.com
- Total disclosed funding: $34M
- Latest round: Series A (May 9, 2001)
- Investors on record: 7

## About

Synchronoss Technologies, Inc. specializes in providing cloud solutions that enable service providers to efficiently manage and secure digital content for their users, enhancing the overall customer experience.Founded in 2000 in Bridgewater, US, Synchronoss Technologies, Inc. develops innovative cloud technology solutions. The company underwent a pivotal shift in its business strategy, focusing heavily on SaaS offerings aimed at telecommunications and retail sectors. It has raised a total of USD 14.00 mn through its last funding round, a Trade Sale occurring on June 15, 2006. The company was co-founded by Catherine Chan, Elizabeth Carter, Jahanara Jesi, Karen Yeung, and Luke Testa, with Catherine Chan currently serving as CEO.Synchronoss offers a robust suite of operator-branded white label personal cloud solutions designed to empower service providers in managing and securing digital content for their subscribers. The core product, Synchronoss Personal Cloud, enables users to easily store, secure, back up, and share their media files, such as photos and videos. The platform is enhanced with AI-powered features that aim to personalize user experiences and drive engagement. Synchronoss primarily serves telecommunications companies, insurance providers, and retail businesses globally, with notable uptake in North America, Europe, and parts of Asia.In the most recent fiscal year 2024, Synchronoss Technologies reported a revenue of USD 173.59 mn and an EBITDA of USD 38.77 mn, generated primarily through subscription-based models for its cloud services.Synchronoss Technologies plans to expand its product offerings with new features and enhancements aimed at improving user experience, set to launch in late 2024. The company is also targeting expansion into new markets across Asia and Europe by 2025, leveraging its latest funding of USD 14.00 mn to support these initiatives and enhance infrastructure. This strategy builds upon its prior success and focuses on solidifying its presence in emerging markets.

## Funding rounds

- Series A, May 9, 2001, $9M — Adams Street Partners, Ascent Venture Partners, ABS Ventures, Rosewood Capital, Collins Stewart, C.E. Unterberg, Liberty Ventures
- Series A, Nov 1, 2000, $25M — Adams Street Partners, Ascent Venture Partners, ABS Ventures, Rosewood Capital, Collins Stewart, C.E. Unterberg, Liberty Ventures

## Investors

- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series A
- Ascent Venture Partners (https://capitalatlas.ai/funds/ascent-venture-partners) — Series A
- ABS Ventures (https://capitalatlas.ai/funds/abs-ventures) — Series A
- Rosewood Capital (https://capitalatlas.ai/funds/rosewood-capital) — Series A
- Collins Stewart (https://capitalatlas.ai/funds/collins-stewart) — Series A
- C.E. Unterberg — Series A
- Liberty Ventures — Series A