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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.

@anthony256
Anthony Garreffa
Published Sun, Jan 19 2014 5:25 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

Dropbox reportedly secures $250 million in funding | TweakTown.com

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

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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