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Dropbox raises $350 million in funding round

Monday, 24 Feb 2014 | 5:26 PM ET
Source: dropbox.com

Dropbox has raised $350 million in a new funding round, bringing the company's total value to $10 billion, according to a Wall Street Journal report.

The online storage company raised $325 million from its investors and has the option to add $125 million, according to a filing with the Securities and Exchange Commission on Monday.

According to the Journal, Dropbox has included $25 million extra to bring the total to $350 million but does not plan on adding more.

Dropbox will use the funds to expand its international business, it said.

Read the entire story in The Wall Street Journal.

By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson.

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

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