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Cloud syncing service SugarSync has raised $15 million in its fourth round of funding, some well-deserved cash that will help it grow and define itself in a hugely competitive cloud storage market.

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Tello, a mobile application service that connects consumers with businesses in order to improve customer service, received $2.7 million in funding today. Photo via William Hook/Flickr Through Tello’s app, customers can direct feedback straight to a vendor — feedback about the business as a whole, an individual employee, or a specific experience, whether good or bad — to help vendors refine problem areas and ultimately increase sales.  The system promises to be more effective and open to possibilities than surveys

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Looks like Groupon has purchased travel site Uptake for an undisclosed amount of cash. This deal marks the third acquisition for the daily-deals site in February 2012

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Duo Security, an authentication-as-a-service company that uses your phone for two-step logins, announced today it has raised $5 million in its second round of funding.

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Charles River Ventures (CRV), a venture capital firm that focuses on mobile, Internet, and software startups, just closed its fifteenth fund of $375 million. “We expected this funding raising to be tough given the current environment, and we were surprised by the demand from current investors,” CRV general partner Izhar Armony told VentureBeat in an interview. The fund was originally set for $300 million, but investors offered well beyond that in just over two month’s time. The VC had to turn investors away in order to keep the fund focused and small.

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Not only is wholesale wireless network startup LightSquared dealing with a lack of support from U.S.

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Vaultive encrypts data before its gets stored in the cloud and just announced a second round of funding for $10 million from  .406 Ventures ,  New Science Ventures  and  Harmony Partners .

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This story is brought to you by Sourcebits , a Global leader in Strategy, User Experience & Engineering for Mobile & Cloud. Follow Sourcebits on Twitter for recent news and updates. Sourcebits had no influence on the content of this post.

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  The founder was home in his kitchen cooking dinner when the call came. It was one of those moments when the color seems to drain out of the food in front of you.

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Ad company OpenX , which helps publishers and enterprise companies sell valuable ad space, said today it has acquired LiftDNA , which helps find untapped ad sources and track how much money publishers make off of ad campaigns. OpenX is an ad-serving company that takes a holistic approach to managing ad campaigns and inventory. The company set out to combat a problem most publishers face: the need to manage multiple ad services with different companies.