By Salvador Rodriguez
2:55 PM PST, January 17, 2014
Dropbox has reportedly closed another round of funding, raising $250 million for a $10-billion valuation.
The latest round of investments was led by BlackRock Inc., according to the Wall Street Journal, which cites unnamed sources for its Friday report. A spokeswoman for Dropbox declined to comment.
The San Francisco company specializes in cloud-storage software that lets users save items within a file on their computer that they can then access from any other device after logging into their account.
Dropbox gives 2 GB of free storage to users, but charges them if they want more space than that.
According to the Journal, Dropbox expected sales of $200 million in 2013, up from $116 million in 2012.
With the latest round of funding, Dropbox is now one of the most highly valued venture capitalist-backed companies. Dropbox is expected to be one of the next major tech companies to hold an initial public offering.
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