The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Previously, Dropbox was valued at just $7 million. The new funding round, if true, would put Dropbox on the same level as microblogging social network Twitter.
From an investment standpoint, there is plenty to like about Dropbox. Its user-friendly cloud storage service, which has a total of 25 million registered members, has made it the favorite among the growing number of competitors.
Also, the San Francisco-based company’s expansion into Asia and Europe looks very promising. Dropbox recently reached a deal to pre-load its Android app on Sony Ericsson mobile phones running on Japan’s third largest wireless carrier, Softbank.
Founded in 2007 by Drew Houston and Arash Ferdowsi, Dropbox has $7.1 million total funding from Y Combinator, Accel Partners, Sequoia Capital and others.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more