Dropbox, Inc.

About Dropbox, Inc.

Financials

Dated, source-cited figures. Estimates are marked.

Competitive Landscape

Who Dropbox, Inc. competes with, and how they differ.

B

Box8.1/10

Box was built enterprise-first around cloud content management, governance, and compliance (HIPAA, FINRA) rather than Dropbox's consumer sync-and-share roots, and competes most directly for large-organization IT/security-led deals.

1 product reviewed on TopReviewed

Google (Drive / Workspace)8.0/10

Google Drive is bundled into Google Workspace alongside Gmail, Docs, and Meet, giving it default storage share in consumer and education accounts and undercutting Dropbox on standalone price when a team is already on Workspace.

6 products reviewed on TopReviewed

Microsoft (OneDrive / SharePoint)7.8/10

OneDrive ships included with Microsoft 365 and is deeply wired into Windows and Teams, making it the default file-sync layer inside most enterprises that Dropbox has to actively displace rather than win on a blank slate.

9 products reviewed on TopReviewed

E

Egnyte

Egnyte runs a hybrid cloud-plus-on-premises architecture built for regulated industries (life sciences, financial services, healthcare), giving customers physical control over data residency that Dropbox's cloud-only model does not offer.

Company Timeline

Key milestones in Dropbox, Inc.'s history, with sources.

1. May 26, 2026Milestone

   CEO Drew Houston to step down after 19 years, becoming executive chairman

   Houston is transitioning to executive chairman after an initial period as co-CEO with chief product officer Ashraf Alkarmi, who will eventually become sole CEO.

   cnbc.com
2. Oct 30, 2024Milestone

   Laid off 528 employees, 20% of global workforce

   CEO Drew Houston said the cuts targeted areas of "over-investment" as part of a restructuring toward a flatter, more efficient team, following the 2023 AI-focused layoffs.

   cnbc.com
3. Aug 22, 2024Acquisition

   Acquired AI scheduling tool Reclaim.ai

   Dropbox acquired the Index Ventures- and Calendly-backed AI calendar and scheduling startup; the 22-person team joined Dropbox and deal terms were not disclosed.

   techcrunch.com
4. Jun 21, 2023Launch

   Introduced Dropbox Dash and Dropbox AI, launched $50M AI venture fund

   Dropbox unveiled Dash, a universal AI-powered search bar across third-party tools, and Dropbox AI (built on an OpenAI model) for summarizing files, alongside a new $50 million AI-focused venture fund, Dropbox Ventures.

   techcrunch.com
5. Apr 27, 2023Milestone

   Laid off 500 employees, 16% of workforce, citing AI-era pivot

   CEO Drew Houston attributed the cuts to slower growth and a need for different, AI-focused skill sets; the reduction came despite Dropbox remaining profitable.

   cnbc.com
6. Mar 9, 2021Acquisition

   Acquired DocSend for $165M

   Dropbox agreed to acquire secure document sharing and analytics platform DocSend for $165 million in cash, closing in Q1 2021.

   investors.dropbox.com
7. Oct 13, 2020Milestone

   Announced "Virtual First" workplace policy

   Dropbox declared remote work the primary experience for all employees going forward, with physical offices converted into non-desk-based "Dropbox Studios" for collaboration.

   blog.dropbox.com
8. Jan 28, 2019Acquisition

   Acquired HelloSign for $230M

   Dropbox acquired eSignature and document workflow platform HelloSign, then serving more than 80,000 customers, for $230 million in cash — its largest acquisition to date, putting it in competition with DocuSign and Adobe Sign.

   investors.dropbox.com
9. Mar 23, 2018Funding

   IPO on NASDAQ (DBX) — priced at $21/share, raised $756M

   Dropbox priced its IPO above its original range at $21 per share (initial market cap over $8.2 billion, below its 2014 private valuation), then rose nearly 43% on its first day of trading, becoming Y Combinator's first IPO.

   cnbc.com
10. February 2014Funding

    Series C — $350M at $10B valuation

    Dropbox raised $350 million from existing investors and major mutual funds including BlackRock, T. Rowe Price, and Morgan Stanley at a $10 billion valuation; the company did not publicly confirm the round.

    techcrunch.com
11. Oct 18, 2011Funding

    Series B — $250M led by Index Ventures

    The round, which also included Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, and RIT Capital Partners, brought total funding to $257.2 million and valued the company near $4 billion.

    businesswire.com
12. May 2007Founded

    Founded as Evenflow, Inc. by Drew Houston and Arash Ferdowsi

    MIT students Drew Houston and Arash Ferdowsi incorporated the company as Evenflow, Inc. in Delaware and received Y Combinator seed funding; it was renamed Dropbox, Inc. in October 2009.

    sec.gov