FORTUNE -- Just how much does Dropbox need to fuel an aggressive push into the enterprise space? $250 million, if a report today is correct.
According to Bloomberg Businessweek, the rapidly-expanding file-syncing business is looking to raise $250 million at an $8 billion valuation in the next few weeks. That would price it higher than other promising startups, including home-renting startup Airbnb ($2.5 billion) and the file-storing Evernote ($1 billion-plus). A source close to Dropbox confirmed to Fortune that Dropbox is already talking to potential investors about fundraising, and while the reported figures are a "reasonable guess," the amount they end up raising is "by no means set in stone."
"What we can say is that with over 200 million users and 4 million businesses, Dropbox has continued strong momentum," a company spokesperson said. Dropbox declined further comment.
Earlier this month, the company revealed a revamped Dropbox for Business experience that will allow business professionals to pair their personal and professional folders when it officially launches early next year. "People think there's this consumer version of Dropbox, and there's this enterprise version of Dropbox," CEO Drew Houston said then. "We think that's ridiculous: There should only be one."
Still, there's no denying that the enterprise market potential remains vast and potentially more lucrative for a company like Dropbox as businesses continually migrate away from cost-prohibitive on-site servers to more cost-effective cloud-based services. (Certainly Houston believes in that potential. Earlier today, the Dropbox CEO joined Marc Benioff onstage at Salesforce's (CRM) Dreamforce conference.) And although Dropbox would not disclose how many paid business customers it has, the number of businesses using it in some fashion has doubled to 4 million year-over-year. Put another way, Dropbox is present in over 97% of Fortune 500 companies.
Certainly, the new round of funding would help Dropbox ramp up even further against companies ranging from Microsoft (MSFT) and Google (GOOG) to scrappier competitors such as Box, the last of which is also no stranger to huge funding rounds.
"Every major Internet company competes with us," Houston said at the Dropbox for Business event several weeks ago. "We get it." Perhaps Houston also understands that tackling the competition head-on means fighting fire with fire, or in at least in this case, serious financial backing.
The file-syncing startup wants you to mix business and pleasure.
FORTUNE -- If you're a working professional and Dropbox user, you're in luck. With the revamped Dropbox for Business, accessing -- and separating -- your business and personal content on the cloud storage startup should soon be a quicker, simpler process.
At a San Francisco press event earlier Wednesday, Dropbox demonstrated how its business tool enables users to link together and securely MOREJP Mangalindan, Writer - Nov 13, 2013 3:37 PM ET
Ex-AOL and Yahoo exec Brad Garlinghouse gives his file-sharing service a makeover.
FORTUNE – What do you do with a nine-year-old file-sharing service that trails behind startups like Dropbox and Box? If you're Palo Alto-based YouSendIt CEO Brad Garlinghouse, you change the name, experience, and pricing. With "Hightail," Garlinghouse hopes to attract new users but also have a name hip enough to turn into a user catchphrase.
"We wanted to choose a MOREJP Mangalindan, Writer - Jul 10, 2013 2:12 PM ET
Also: Samsung unveils new Galaxy S IV; inside Microsoft's poor Surface tablet sales.
Dropbox buys Mailbox, an app with some buzz [THE WALL STREET JOURNAL]
"We felt we could help Mailbox reach a much different audience much faster," said Dropbox CEO Drew Houston, who said both companies shared the goal of making people's lives easier.
He said Dropbox will keep the Mailbox service running as a stand-alone app, and over time Dropbox will MOREJP Mangalindan, Writer - Mar 15, 2013 1:43 PM ET
The popular start-up says it grew more than 500% in 15 months. How's that for viral effectiveness?
FORTUNE -- As many in Silicon Valley know, very few start-ups succeed, and even if they do, even fewer stumble upon the kind of growth Dropbox has in such little time. But since January 2010, CEO Drew Houston and CTO Arash Ferdowsi's file-syncing and sharing service has exploded, from 4 million to 25 million, with MORE
|America's economic mobility myth|
|Stocks: Where to make money in 2014|
|Snowden docs had NYTimes exec fearing for his life|
|The shared genius of Elon Musk and Steve Jobs|
|Where should you put your money now?|