Israel Digital News

P2P file synchronization software provider BeInSync has completed its latest financing round. The financing was led by investment fund Alta Berkeley, which joined previous investors Eurofund and Aviv Ventures.

BeInSync will use the additional funding to expand its marketing and sales functions for its flagship product launched in August 2004. In addition, BeInSync is expanding its product line and offering data protection and backup by combining its P2P expertise with an optional online storage service.

“BeInSync has gained significant market traction by offering low cost software that allows easy access, sharing and backup of personal and business information,” said Tal Barnoach, BeInSync CEO. “Unlike any other solution, BeInSync ensures the highest level of privacy and speed while providing a truly seamless user experience by synchronizing files and information through its unique P2P technology.”

BeInSync develops secure P2P synchronization software that keeps documents in sync, backed up and easily shared across multiple computers. BeInSync provides consumers and businesses an easy way to protect, access and share their valuable documents, photos and music. Used by over 3 million people worldwide, BeInSync’s patent-pending secure P2P synchronization technology keeps user files backed always up and in sync across multiple computers and devices automatically.

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P2P distribution provider, Pando Networks, closed a $7 million financing round led by Intel Capital, through its Digital Home Fund. Venture capital funds BRM Capital and Wheatley Partners, which provided the company's first round of financing, also participated in this round.

The investment will support the launch of Pando's first consumer offering, a solution for large file transfer, like home movies, folders of family photos, business presentations, that are too large to send via email. The peer-to-peer distribution solution allows users everywhere to conveniently share high quality digital media using their existing email addresses.

"Sharing personal media such as home videos and photos over the Internet has exploded over the past year and is part of Intel's comprehensive vision for the Digital Home," said Curt Nichols, vice president and managing director of the Digital Home Fund for Intel Capital. "Pando's products accelerate this trend by allowing people to share increasingly larger media files that current programs cannot support, in a very easy-to-use email format."

Based in New York City, Pando Networks founded in October 2004 by Yaron Samid, Laird Popkin and Robert Levitan. Levitan, Pando CEO, also co-founded media site iVillage, which was sold recently to NBC/Universal.

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