Dropbox

Cloud storage and file synchronization service

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October 2024 Houston announced the layoff of roughly 528 employees, representing 20% of the current workforce.
April 2023 Houston announced the layoff of approximately 500 employees, which is 16% of the current workforce. The company cited a growth slowdown and a need to acquire AI-focused skill sets.
December 2022 Dropbox announced the acquisition of form management platform FormSwift for $95 million.
November 2022 Dropbox announced an agreement to acquire key assets from Boxcryptor, a provider of end-to-end zero-knowledge encryption for cloud storage services.
2021 Dropbox expanded to 700 million users.
October 2021 Dropbox signed an agreement to acquire universal search company Command E.
April 2021 Dropbox officially launched its 'virtual first' remote workforce strategy, transforming the company's work approach to a primarily remote model.
March 2021 Dropbox announced the acquisition of DocSend, a secure document sharing and analytics product.
February 5 2021 COO Olivia Nottebohm left the company. In the same month, Dropbox announced plans to sublease much of its office space in preparation for a transition to remote work.
January 2021 Dropbox CEO Drew Houston announced the layoff of 315 employees, representing approximately 11% of the workforce. The company restructured to focus on top-level priorities.
October 2020 Dropbox announced its 'virtual first' initiative, planning to shift the company to a long-term remote working model in response to the COVID-19 pandemic.
January 2019 Dropbox acquired e-signature company HelloSign for a reported $230 million, its largest acquisition to date.
July 10 2018 Dropbox announced a partnership with Salesforce to improve brand engagement and team productivity.
March 23 2018 Dropbox went public on the Nasdaq, with its stock rising 42 percent to $29.89 on the first day of trading. The company had been profitable in the last three quarters prior to the IPO.
February 2018 Dropbox filed an IPO to be listed on the Nasdaq, with an initial intent to raise $500 million.
June 2017 The AdminX dashboard was redesigned with additional administrator functions like login duration controls, custom password strength parameters, and subdomain verification settings.
April 19 2017 Dropbox announced the shutdown of Hackpad, with notes to be migrated to Dropbox Paper on July 19.
March 2017 Dropbox renamed its Pro subscription to Dropbox Plus.
March 2017 Bloomberg reported that Dropbox secured a US$600 million credit line and was expected to file for an initial public offering (IPO).
January 2017 Dropbox introduced 'Smart Sync' for Business and Enterprise customers, allowing users to see all files in the Dropbox folder and download specific files on-demand.
2016 Dropbox achieved 500 million users.
July 2016 Dropbox introduced the 'AdminX' administrator dashboard for Business customers to provide improved control of company files and users.
July 2015 Dropbox acquired Clementine, an enterprise communication service.
January 2015 Dropbox acquired CloudOn, a mobile document editing and creation company, and established its first office in Israel.
2014 Dropbox raised financing from BlackRock Inc. and others, valuing the company at $10 billion.
November 2014 Dropbox partnered with Microsoft to integrate Dropbox and Microsoft Office applications on iOS, Android, and web platforms.
May 2014 Dropbox acquired Bubbli, a startup specializing in innovative 3D technology for mobile apps.
April 2014 Dropbox acquired photo-sharing company Loom and document-sharing startup Hackpad.
2013 Samsung pre-loaded the Dropbox mobile application on its Android devices and offered extra storage space for Dropbox users owning Samsung devices.
November 2013 Dropbox announced changes to 'Dropbox for Business', introducing the ability to connect personal and business Dropbox accounts on the same device with separate settings and features.
July 2013 Dropbox acquired Endorse, a mobile coupon startup.
December 2012 Dropbox acquired two companies: Audiogalaxy, a cloud music storage and streaming service, and Snapjoy, a photo aggregation and archiving platform.
November 2012 Dropbox reached 100 million users.
September 2012 Dropbox integrated with Facebook, enabling users in Facebook Groups to share files through the Dropbox platform.
July 2012 Dropbox acquired TapEngage, a startup specializing in tablet-optimized advertising collaboration.
April 2012 Dropbox announced that Bono and The Edge from U2 became individual investors in the company.
October 2011 Dropbox surpassed 50 million users.
May 2010 Drew Houston adopted the 'minimum viable product' approach after reading Eric Ries' Lean startup blog, focusing on releasing features incrementally to test customer appetite.

This contents of the box above is based on material from the Wikipedia article Dropbox, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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