SaaS data loss occurs frequently affecting one in three organizations with damaging consequences. Read our free ebook on Why Enterprises Need SaaS Backup. No matter which cloud storage you zone in on, your business-critical data is vulnerable to data loss due to mistaken deletions, malware, phishing scams, sync errors, ransomware, and/or malicious intent. You Choose the Cloud Storage That Fits – Dropbox or Box. Or better still see how they all stack up with a comprehensive OneDrive Vs. Considering OneDrive or Google Drive? Read our comparison of OneDrive Vs. We hope you found our Dropbox vs Box table helpful. Read our other cloud storage comparisons: Google Drive Vs OneDriveand Google Drive Vs OneDrive Vs Dropbox Vs Box So which one – Dropbox or Box – is the better cloud storage option? We do a Dropbox vs Box comparison in terms of their file-sharing capabilities, ease of synchronization, collaboration mechanisms, ecosystem, integration, and pricing. While it may have fewer users at 8 million, Box commands 70% of Fortune 500 companies as customers. The one that has always catered to the discerning organization – Box. Haven’t we all “dropboxed” a file? With Dropbox’s foray into the organization’s app stack with Dropbox Business, it is often compared with the other cool company on the cloud storage block. Its user base has grown exponentially to 600 million users, such that it has become the de-facto verb for virtual file sharing. physicists who collaborate across the world”. Our users are trapeze artists, high school football coaches. Dropbox started off catering to “a big chunk of the world, not just Silicon Valley. If you aren’t already a client, sign up for a free trial to learn more about our platform.Dropbox and Box are fundamentally different products with divergent user bases. Want more data on startup valuations and tech IPOs? Log in to CB Insights or sign up for free below. And, while Dropbox has seen lots of interest from financial services institutions acting as both investors and creditors, Box saw almost no private market interest from the same investor subset. Lastly, in comparing private market investors, only one investor invested in both Dropbox and Box: Salesforce Ventures. Still, Dropbox may have a leg up on the competition in June 2016, Drew Houston shared that Dropbox was free cash flow positive, meaning that the company’s future hinges on real revenue, not capital infusions.įor comparison, Box also saw revenue growth slow from 2015 to 2016, to 32%, down from 40% growth in the prior year. Box has lost money every year for the past three years, and has not turned free cash flow positive even after a 25% increase in operating income and a lowering of operating expense growth to just 9% (down from 31% growth in the prior year). The $1B number revealed by Houston indicates that growth may have fallen to 25% year-over-year, as the company works to acquire stickier enterprise clients in an increasingly crowded cloud storage market. Between 20, revenue increased 100%, jumping from $200M to $400M. However, extrapolating from reported and rumored revenue numbers in 2013, 2014, and 2017 (run-rate), we estimate that Dropbox’s revenue growth has slowed. A little more than two years later, the company closed a $350M Series C with participation from a number of financial services investors, in a round that valued the company at $9.4B. First, the company received $250M in Series B funding in 2011, officially vaulting the company into the unicorn club at a $4.3B valuation. Looking more closely at Dropbox’s valuation, the company has seen two significant valuation jumps since 2010. If true, at its current $9.4B valuation Dropbox would have a 9.4x current price to projected sales multiple, double that of Box. To compare, in January of this year Dropbox CEO Drew Houston announced that his firm was expecting an annualized revenue run-rate of $1B for FY2017. One year later, Box ended 2016 with a market capitalization of $2.2B and $400M of revenue, representing a trailing price-to-sales multiple of 5.5x.Ĭurrently, as of market close on July 3rd, 2017, Box had a market capitalization of about $2.4B and projected 2017 revenues of $500M, which would represent a modest current price to projected sales multiple of 4.7x. On a price-to-sales basis, the valuation represented 5.8x its 2015 forward revenue guidance at the time, of $290M. When Box went public in January 2015, the company priced its IPO at $14 a share, exiting at a valuation of $1.7B, or approximately $600M less than private markets’ $2.3B valuation of Box.
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