TweakTown
Tech content trusted by users in North America and around the world
5,675 Reviews & Articles | 36,072 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Dropbox reportedly secures $250 million in funding

Dropbox valued at $10 billion after it secures $250 million in a new round of funding

| Business, Financial & Legal News | Posted: Jan 19, 2014 11:25 pm

According to sources of the Wall Street Journal, cloud storage giant Dropbox has just secured itself $250 million in additional funding. A BlackRock investment group is leading the new investment charge, but both Dropbox and BlackRock aren't confirming these reports at the moment.

 

TweakTown image news/3/4/34944_03_dropbox_reportedly_secures_250_million_in_funding.jpg

 

With the $250 million secured, it would see Dropbox valued at $10 billion. Considering the cloud storage outfit was founded in San Francisco in 2007, and with over 200 million users, it should come as no surprise to see such a giant evaluation. It should see Dropbox better compete with other cloud storage services and the companies behind them, such as Box, SkyDrive, Google Drive and more.

NEWS SOURCE
Mashable.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below