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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.

 

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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 SOURCES:Mashable.com

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