Dropbox raises $250 million funding

Alastair Aitken 19 October 2011 0




One of the leading consumer cloud storage companies Dropbox has raised $250 million in funding. Dropbox uses the freemium pricing model to offer easy backup and sharing of documents, with software clients available for most desktops and mobile devices. With more than 45 million users and one billions files saved every three days, Dropbox will use the new funding for growth, acquisitions and partnerships.

One of Dropbox’s main rivals, Box.net, recently raised $81 million for expansion but both services will be looking nervously over their shoulders at Apple iCloud as it gathers momentum by virtue of being included in latest version of iOS 5.




Alastair Aitken (124 Posts)

As a contract developer and manager I’ve worked in a wide range of enterprises in a variety of countries where I’ve encountered everything from great work, awful work, bizarre work, all the way down to quasi-legal work. If you think that you recognise your own organisation within my articles then you’re undoubtedly wrong, where you work isn’t that unique.

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