Dropbox has reportedly secured $500 million in financing

Cloud storage giant Dropbox has reportedly secured itself $500 million in debt financing.

@anthony256

Published Mon, Apr 7 2014 5:37 AM CDT | Updated Mon, Oct 19 2020 8:15 PM CDT

According to a report by Recode, Dropbox has secured itself another $500 million in funding. Recode has said that it has confirmed the financial news with "sources close to the situation".

Dropbox has reportedly secured $500 million in financing | TweakTown.com

The last time we heard about Dropbox's financial position, the cloud storage startup was valued at $10 billion, where it raised some $350 million in equity funding.

NEWS SOURCE:techcrunch.com

Anthony Garreffa

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.