Raises $81 Million With Valuation That Is Over $600 Million

Posted Oct 11, 2011

Cloud storage company has raised $81 million in Series D funding from, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, Andreessen Horowitz, and Draper Fisher Jurvetson. has now raised a total of $162 million. This puts’s valuation at over $600 million. has 7 million users and stores about 300 million documents. was founded in 2005 by Aaron Levie and Dylan Smith from their dorm rooms in 2005. currently provides cloud storage to 77% of the Fortune 500. About 100,000 businesses are using’s services and 250,000 new users are joining every month. has even received several acquisition offers that was roughly worth about $500 million. The company eventually plans on going public.