FORTUNE -- Last month, reports surfaced that Dropbox had raised $250 million from Blackrock (BLK) in its final round of private funding before embarking on its highly anticipated IPO. Follow-up articles noted the round could go up to $400 million, with contributions from existing investors T. Rowe Price and Fidelity.
Now we have an SEC filing with some official numbers: Dropbox has raised $325 million with room to go up to $450 million.
[Update: A person familiar with the situation says the total amount Dropbox has raised in this new round is $350 million, at a $10 billion valuation. It's unclear whether Dropbox intends to fill out the round for the entire $450 million, or will close it at $350 million.]
Allen & Company and Goldman Sachs (GS) handled the deal. (They earned $8.25 million for the placement, according to the filing.) The initial report noted that Dropbox's revenue from 2013 was $200 million.
Dropbox, which sells cloud storage to consumers and businesses, has been an IPO candidate for the past year. Earlier this month, the company hired Dennis Woodside, who ran Motorola Mobility for Google (GOOG), as its first COO. Its rival, Box, has confidentially filed to go public, according to reports.
A company spokesperson declined to comment on the filing.
The two cloud storage startups can be easily confused.
FORTUNE -- Quick -- name a cloud-based, file-sharing provider that's expected to go public later this year and has the word "box" in its name. (Hint: there's more than one right answer.)
Whether you guessed Box or Dropbox, you're correct. That's because, on the surface, the two appear to be very similar companies, especially now that both startups are nearing their respective IPOs MOREMichal Lev-Ram, writer - Feb 24, 2014 1:06 PM ET
Dropbox grabs Google's Motorola Mobility boss, Dennis Woodside.
FORTUNE -- Dennis Woodside ran Motorola Mobility for Google, but apparently he won't be doing the same for Lenovo.
Just weeks after Google (GOOG) agreed to sell the money-losing unit for $2.9 billion, Woodside has agreed to join storage company Dropbox as its chief operating officer.
Dropbox has raised $507 million in venture capital funding. Its most recent deal, a $250 $350 million Series C round that valued MOREErin Griffith - Feb 13, 2014 10:24 AM ET
We sit down with chief executive (and one-time "Peanut Butter Manifesto" author) Brad Garlinghouse.
FORTUNE—Hightail, the file-sharing company formerly known as YouSendIt, has raised $34 million in new funding. The nine-year-old startup has been around much longer than newer entrants like Dropbox or Box, but recently it sought to revamp its image and differentiate its product features in order to stand out in an increasingly competitive market in which larger companies MOREMichal Lev-Ram, writer - Nov 19, 2013 11:59 AM ET
The file-syncing startup is reportedly seeking to raise hundreds of millions at an astronomical valuation.
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 MOREJP Mangalindan, Writer - Nov 18, 2013 7:26 PM ET
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
File-sharing company Egnyte wants businesses worried about data security to embrace the cloud.
FORTUNE -- From college students distributing documents for a class to CEOs working on their Powerpoint presentations on the train, most people are familiar with and depend on cloud storage to make file sharing a breeze. While brands like Dropbox and Box have become household names for cloud storage, a new company is trying to take secure cloud MOREChanelle Bessette - Sep 30, 2013 12:08 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
The popular mobile inbox app, which generated buzz with a digital queue for sign-ups, is now available for the iPad.
FORTUNE -- Not since the 1990s -- if ever -- have Internet users gone crazy over an email service the way they have for Mailbox for the iPhone. Some seemed more than happy to wait weeks in a virtual waiting list, one generated by the startup so its servers could handle the MOREJP Mangalindan, Writer - May 23, 2013 12:40 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
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