What is Synchronoss?
Headquartered in Bridgewater, New Jersey, Synchronoss Technologies provides a robust suite of cloud-based synchronization, backup, and content engagement capabilities. The company serves a diverse clientele, including communications service providers, cable operators, and multi-channel retailers, by enabling the monetization of value-added services for connected devices. By offering white-label messaging, identity management, and secure mobility solutions, Synchronoss occupies a critical niche in the B2B technology ecosystem, facilitating seamless data exchange and collaboration for sectors ranging from telecommunications to healthcare and government.
How much funding has Synchronoss raised?
Synchronoss has raised a total of $814M across 9 funding rounds:
Series A
$34M
Stock Offering
$53M
Stock Offering
$107M
Debt
$230M
Stock Offering
$185M
Debt
$10M
Debt
$20M
Share Placement
$75M
Stock Offering
$100M
Series A (2002): $34M with participation from ABS Ventures, Liberty Ventures, Rosewood Venture Group, Adams Street Partners, C.E. Unterberg Towbin, and Ascent Venture Partners
Stock Issuance/Offering (2006): $53M led by Undisclosed
Stock Issuance/Offering (2010): $107M supported by Undisclosed
Debt (2014): $230M featuring Undisclosed
Stock Issuance/Offering (2018): $185M backed by Siris Capital Group
Debt (2019): $10M with participation from Citizens Bank
Debt (2019): $20M led by Citibank
Share Placement (2021): $75M supported by B. Riley Securities
Stock Issuance/Offering (2021): $100M, investors not publicly disclosed
Key Investors in Synchronoss
ABS Ventures
ABS Ventures specializes in mid-stage technology investments, providing growth capital and shareholder liquidity to exceptional management teams with a focus on industry-leading innovation.
Adams Street Partners
Founded in 1972, Adams Street Partners is a global private markets investment management firm that provides strategic capital to support long-term enterprise growth.
Ascent Venture Partners
Ascent Venture Partners is an enterprise technology venture capital fund that focuses exclusively on supporting early-stage companies within the B2B sector.
What's next for Synchronoss?
Looking ahead, Synchronoss is positioned to leverage its recent capital infusion to accelerate product innovation within its Personal Cloud and Enterprise mobility segments. As the demand for secure, operator-branded digital experiences continues to rise, the company is expected to focus on deepening its integration with existing broadband networks and expanding its footprint in the global enterprise software market. By maintaining a focus on high-margin SaaS offerings and strategic partnerships, Synchronoss aims to solidify its role as a foundational infrastructure provider for the next generation of converged communication services.
See full Synchronoss company page
