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Dropbox Raises $250 to $300 Million in Third Funding Round
Posted By Abe Brown On September 8, 2011 @ 2:26 pm In Cloud Computing | No Comments
Count this as another sign that our entire lives will soon take place in the clouds. DropBox  will soon close a financing round that’ll bring in $250 million to $300 million. The funding involves a number of investors, including Index Ventures  and Goldman Sachs , and will value the cloud-computing firm at nearly $4 billion. DropBox offers its users the ability to store and share data remotely. (Just don’t ask exactly where those megabytes go.) There’s plenty of people using it, too. The company reported it had 25 million users in April, while competing with other start-ups like Box.net and YouSendIt.
Before this funding announcement, DropBox has functioned with less eye-catching rounds: Drew Houston and Arash Ferdowsi founded DropBox in 2007 with $7 million, and led a second round in fall 2008 that netted $6 million. The past funding history makes this recent announcement that much more startling, and leaves us wondering what DropBox will roll out in the coming moths — and what part of ourselves we’ll send skyward.
Read more at The New York Times. 
Article printed from Inc. Technology: http://technology.inc.com
URL to article: http://technology.inc.com/2011/09/08/dropbox-raises-250-to-300-million-in-third-funding-round/
URLs in this post:
 DropBox: http://www.dropbox.com
 Index Ventures: http://www.indexventures.com
 Goldman Sachs: http://www.gs.com
 The New York Times.: http://dealbook.nytimes.com/2011/09/06/dropbox-said-to-raise-as-much-as-300-million/
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