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April 13, 2009

Even in Private Beta, Company Stores and Shares Files with Ease

Dropbox Opens with Two Products

On March 11, 2008 Dropbox launched its private beta testing offering an innovative online system that helps users share and store files online.  Currently, Dropbox offers web storage space to Omnidrive and Box.net.  And, new users can also sign up for a beta test version though Getdropbox.com,  Dropbox is compatible for Mac, Windows, Fedora and Ubuntu interfaces.

Founded in 2007, Dropbox currently offers two products:  Dropbox Basic, a free share and synchronized service for up to 2GB of photos, files and music.  Dropbox Pro available for $9.99/month with a capacity of 50GB of storage

With Dropbox, users can drag and drop files to store, share and save without complicated interfaces.  All files are transferred over SSL and encrypted before storage. Dropbox also features automatic synchronization and accessibility to your files from any browser or mobile device.  Plus Dropbox provides users with a simple sharing tool and the ability to store and share photos in a private photo gallery.

Operating with a team of 12, Dropbox is led by Cofounders Drew Houstan and Arash Ferdowski

In 2007, Dropbox received $3 million in venture capital funding; of that Y Combinator invested $1.5 Million in seed capital and Sequoia Capital invested $1.5 Million in its Series A Round of venture capital funding.

Y Combinator is a venture funding firm based in Mountain View California offering financing and business consulting to small companies.   Y Combinator focuses its investments in early stage startups in web and software industry. Some of Y Combinators funding were invested in Reddit, Zenter, and Omnisio.

Sequoia Capital is a private venture capital firm founded in 1972 with offices in the US, China, Israel and India.  Sequoia Capital provides seed, early and growth funding to various companies and has invested in YouTube, Meebo,  Google, Paypal, and a variety of other successful businesses.

Competitors include Jungle Disk, Mozy (Decho), Syncplicity, and Wuala.