
Dropbox claims that their users can access a file across 18 different operating systems, four browsers, and three mobile OS. Through a simple download, Dropbox users are able to access their files across multiple OS capable to handle both computers and mobile devices.

The latest round of funding in October last year helped them raise $250 million at an impressive valuation of $4 billion.ĭropbox claims to have 45 million users across the globe storing an average of 1 billion files every three days. Since then, they have received nearly $257 million in funding from investors, which include Sequoia Capital, Hadi Partovi, Ali Partovi, Pejman Nozad, Accel Partners, Index Ventures, RIT Capital Partners, Valiant Capital Partners, Benchmark Capital, Goldman Sachs, Greylock Partners, and Institutional Venture Partners. The company received its seed funding of $1.2 million from Y Combinator. The idea appealed so much to Ferdowsi that he dropped out of MIT with a semester to go to help develop Dropbox. The two MIT students at were inspired by the need to offer a service that let people access files over multiple computers, thus avoiding the need for external drives and email attachments. Dropbox was founded in 2007 by university graduates Drew Houston and Arash Ferdowsi. Many individuals and smaller groups are also reaping the benefits of being able to store data on the cloud.Ĭalifornia-based Dropbox is focused on addressing growing demand among these smaller users. But it is not only the enterprises that use cloud storage services.

Together, both the public and private cloud storage segments are expected to account for $22.6 billion in spending worldwide. During the same period, enterprise spending on storage for the private cloud is projected to grow at CAGR of 28.9%.

Who owns dropbox ipo professional#
Overall spending by public cloud service providers on storage hardware, software, and professional services is projected to grow annually at 23.6% from 2010-2015. According to a recent IDC report, Worldwide Enterprise Storage for Public and Private Cloud 2011-2015 Forecast: Enabling Public Cloud Service Providers and Private Clouds, cloud computing will drive IT spending over the next five years.
