The value of Dropbox has gone up over the past seven years from the moment it was launched and, according to a report that was recently issued by the Wall Street Journal, the company’s value is very close to the staggering sum of $10 billion, which puts Dropbox on top of numerous other similar services.
Dropbox is currently considered one of the world’s most popular file hosting service that provides file synchronization, cloud storage and not only. Basically, Dropbox is a simple and straightforward service that will allow you to create a folder on each one of your computers and then synchronize your information with the push of a button, no matter the computer you use to see that information.
The company was founded back in 2007 and you can view the information through a website or through different mobile phone applications – at the time being, Dropbox provides client software for some of the world’s biggest companies and online platforms, from Windows Phone and Android to the well-known Apple iOS, Blackberry OS, Linux and even Microsoft Windows.
The overall value of Dropbox has gone up after the cloud storage system has managed to raise no less than $250 million, which has just turned it into one of the world’s most valuable venture capital-backed start-up business in the United States of America, and one of the most reputable ones of its kind in the entire world. The last time it was valued, Dropbox was rated at no more than $8 billion, and it has surely come a long way from that moment.
Tip: Read our page about What is Venture Capital to better understand the role over venture capital.
There are several other companies that operate in the online environment or the smart phone industry which are allegedly worth as much as Dropbox, and the popular smart phone manufacturer Xiaomi is only one of them. Simply put, Xiaomi is a well-known private Chinese manufacturer whose value is reported to be around $10 billion as well, just like Dropbox. On the other hand, the surveillance service provider Palantir which works closely with the CIA and the FBI is worth one billion dollars less than Dropbox, being valued at no less than $9 billion after closing a deal of over $100 million by the end of 2013.
Snapchat is yet another high rated application – this is basically a photo messaging application for mobile users that is valued at no less than $2 billion, in spite of turning down deals that came with an outstanding price tag from Google and Facebook, deals that could have certainly boosted the value of Snapchat within a very short time frame. Speaking of revenue, the yearly revenue of Dropbox has increased very quickly in spite of the fact that the cloud storage company does have some very serious competitors that offer similar services – once again, this shows just how stable and strong Dropbox truly is.
Even though the revenue of Dropbox increases by the year (and it is expected to generate at least a couple hundred million dollars in revenue this year), the cloud storage company is not the only one that has managed to stand out from the rest with a staggering revenue growth. Other notable companies that have managed to raise both their value and their revenue throughout the last year are Box and the popular car service Uber. Taking Uber as an example, it has managed to raise its value to no less than 3.5 billion dollars, which means that Dropbox would be worth approximately two Uber car service companies plus Snapchat, which is certainly very encouraging.
At the same time, Box is yet another cloud storage company whose value is currently set at approximately two billion dollars, after it has managed to raise no less than $100 million in November last year. What all these three companies have in common (Uber, Box and Dropbox) is that their yearly revenue has increased by tens of times over the past few years, and it surely does not seem to stop here. These three are only some of the big names in the US start-up industry that come with very pricey price tags.
