If news of Dropbox‘s latest funding round is true, the cloud storage service has achieved the same overall valuation as Twitter. According to TechCrunch, DropBox is raising between $200 million and $300 million in its latest round of funding, which would place the company’s valuation in the $5 billion to $10 billion range.
This is a huge jump from the company’s most recent valuation last November, when Dropbox was valued at just $7 million.
Dropbox has plenty going for it. The popular San Francisco start-up, known for its user-friendly service that backs up and synchronizes files over the cloud, serves more than 25 million registered users and recently reached a deal to pre-load its Android app on Sony Ericsson phones that run Softbank, Japan’s third largest wireless carrier.
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