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Sharpcast Secures $13.5 Million in Series B Funding Led by Sigma Partners.

Draper Fisher Jurvetson and Selby Venture Partners Participate in Financing

PALO ALTO, Calif., March 8 /PRNewswire/ -- Sharpcast, a leading innovator in real-time synchronization services for digital consumer media and information, has secured $13.5 million in Series B funding. Sigma Partners led the investment, with Series A investors Draper Fisher Jurvetson and Selby Venture Partners participating.

Sharpcast is developing a suite of consumer services that dramatically simplifies the way people manage, access, back up and share digital media and information. With Sharpcast services, a person's PC and mobile phone work together automatically to keep all of their media and information in sync, backed up on the web and instantly accessible wherever they are. The company's first service, Sharpcast photos, will launch in beta later this spring. People can request an invitation to the beta at http://www.sharpcast.com/.

Greg Gretsch, managing partner of Sigma Partners, commented, "Sharpcast is on the cusp of a major transformation in personal media and information management. They are solving real problems that hundreds of millions of people face every day, and they're well poised to capitalize on a clear and burgeoning market opportunity." Gretsch will join the board of directors representing Sigma Partners.

"From the beginning, Sharpcast has been intensely focused on creating a user experience that is simple and intuitive enough for average consumers," said Gibu Thomas, chief executive officer of Sharpcast. "Today we are pleased to be announcing the support of these great partners who share our vision. We now have the capital we need to deliver on the promise of complete simplicity in accessing and managing digital media and information."

The Series B funding will be used to accelerate development of the Sharpcast services suite and to enable growth to support the roll-out of its offerings beginning later this spring.

About Sharpcast

An innovator in digital media and information synchronization, Sharpcast develops software and services that dramatically simplify the way people organize and access digital content. A team of wireless and mobile industry veterans with a proven track record for building large-scale wireless data systems and successful software businesses founded Sharpcast in 2004 with a mission to make digital life simple. The company is headquartered in Palo Alto, California.

About Sigma

Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies Sigma has invested in include Atria, Cascade, Clarify, Internet Security Systems, KLA-Tencor, Octel, VeriFone, Vermeer, and Vignette. For more information, please visit http://www.sigmapartners.com/.

NOTE: Sharpcast is a registered trademark of Sharpcast, Inc.

CONTACT: media, Renee Blodgett of Blodgett Communications, +1-617-620-9664, or renee@sharpcast.com, for Sharpcast

Web site: http://www.sharpcast.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Mar 8, 2006
Words:484
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