Cloud storage provider Box, a rival of Dropbox, is raising USD100 million in new funding through a share sale that would value the company at around USD2 billion.
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After years of continued growth since the first modern accelerator began in 2005, the startup accelerator trend has slowed for the first time in 2013, according to a report from TechCrunch.
Young technology companies were now looking for high valuations, according to a report from The New York Times Dealbook. Dropbox is the latest among them.
San Francisco-based Dropbox said that it targets to raise USD250 million in its third funding round. If successful, this would give the web storage company a valuation of more than USD8 billion.
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
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