About 679 days ago Apps | Cloud Computing

Dropbox Earns Massive Valuation Topping $5 Billion

Reports say Dropbox's latest funding round gives it equal financial footing with Twitter.
Posted on July 14, 2011 by Dave Smith
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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.

Read more from TechCrunch.

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  • http://twitter.com/RainerRR Jonathan Rainer

    This is a very competitive market; there are several other services that do a much better job than Dropbox like SugarSync.  This is a ridiculous valuation if true.

  • http://robertcroak.com/blog/2011/07/14/robs-radar-714/ Rob’s Radar 7/14 | Robert Croak

    [...] of funding, which would place the company’s valuation in the $5 billion to $10 billion range. http://technology.inc.com/2011/07/14/dropbox-earns-massive-valuation-topping-5-billion/ Spotify Has Some Celebrity Friends In High Places Music service Spotify has finally crossed the [...]

  • http://twitter.com/shanegoldberg Shane Goldberg

    gotta say I agree with @twitter-17412621:disqus  this valuation is nuts. Maybe if the owners want to get out at the right time with a valuation like that it could be the “right” time now…

  • http://www.business-valuation.net Info

    This is the next dot com bubble, limited to only a few companies in certain sectors.

  • http://trafficbutter.com Okafor Njideka

    This is great. I’m thrilled.

  • Okafor Njideka

    @twitter-17412621:disqus This has never been about creating the best services. It takes much more than that. Off course, not saying we shouldn’t prefer better services.