January 15, 2012 |
Four years ago, Drew Houston was just another super-smart hacker with ambitions of starting his own company. He'd strap on headphones to block out everything but the endorphin rush as he cranked code late into the night on a new service that instantly syncs all of your files on all of your devices. Houston, who played guitar in a '90s rock cover band at Boston bars and college parties, dubbed it "Even Flow" after one of his favorite Pearl Jam songs. On a white board in his Cambridge, Mass., apartment, he calculated that he'd need several hundred users to "not feel like an idiot" quitting his $85,000-a-year job as a software engineer.
September 26, 2012 |
Facebook Inc. and Dropbox are teaming up to create a feature that will be helpful for study, work and productivity groups on the popular social network. The two tech companies announced Wednesday that Facebook users can now quickly upload files from their personal Dropbox accounts to their Facebook Groups and easily share the files with group members. The group's file will also be automatically updated each time the user edits it. Picture Gallery: Fresh Facebook Features Dropbox said the new feature will roll out starting Wednesday.
November 13, 2013 |
SAN FRANCISCO -- Dropbox is already a hit with consumers. Now it's looking to corner the business market. The online storage service already has 200 million users who save more than 1 billion files in Dropbox every day, Chief Executive Drew Houston said. Now Dropbox is looking to get businesses on board with Dropbox for Business. The company unveiled the initiative at its San Francisco headquarters Wednesday. It's an ambitious gambit that puts Dropbox in direct competition with Google, Box and other tech heavyweights.
November 19, 2013 |
SAN FRANCISCO -- Valuations being given to the most promising of the latest crop of Internet companies just keep going up and up as investors open their wallets ever wider. Dropbox, which has already raised hundreds of millions, plans to raise even more: $250 million more to be precise, at a nosebleed valuation of $8 billion, according to published reports. For those keeping track, that's more than double its last funding round that valued the company at $4 billion. And bear this in mind: tech financiers are willing to throw that kind of cash and that kind of valuation at the 5-year-old online storage service even though its revenue growth is slowing down.
July 10, 2012 |
Dropbox, the cloud storage company, announced it is doubling the size of its Pro users accounts as well as adding a new 500 gigabyte option. The San Francisco-based start-up made the announcement on its blog Tuesday, saying its users have been asking for more space. With Dropbox having recently added a feature that makes it easy to upload pictures , the company said it was time to accommodate its users. "As people add more stuff to Dropbox, we want to make sure they don't have to worry about space," the company said in its blog post.
January 17, 2014 |
Dropbox has reportedly closed another round of funding, raising $250 million for a $10-billion valuation. The latest round of investments was led by BlackRock Inc., according to the Wall Street Journal, which cites unnamed sources for its Friday report . A spokeswoman for Dropbox declined to comment. The San Francisco company specializes in cloud-storage software that lets users save items within a file on their computer that they can...