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Its listing on the Nasdaq in New York in March valued Houston’s company at $9.2bn (£7bn). The shares have climbed steadily, valuing the company at $13.5bn. Dropbox revolutionised the process long before Apple or Google. The company has defied the odds and gone from start-up to a multi-billion dollar tech listing in a little over 10 years, making him a billionaire and proving the naysayers wrong.ĭropbox was founded in 2007 as a cloud storage company that let users transfer files over the internet.Īt the time, transferring files in this way was slow and cumbersome, and often came with huge and slow email attachments. Yet Dropbox founder Drew Houston now has plenty to smile about. The company was set to be killed by its rivals and consigned to a what-if. We’re honored to be recognized for this award in innovation and aim to continue making an impact as we continue to build a more enlightened way of working and the world’s first smart workspace.Just three years ago, Dropbox was written off in one scathing prediction as “the first dead decacorn”, a failed company valued at more than $10bn. Dropbox previously made Fast Company’s World’s Most Innovative Companies lists in 2012, 2014, and 2017 in the internet, productivity, and enterprise categories, respectively. Fast Company sought out groundbreaking businesses across the world and also judged nominations received through their application process. This year’s rankings features 434 businesses from 39 countries. Dropbox was recognized for this award after introducing the world's first smart workspace, Dropbox Spaces, in 2019-a new desktop app with intelligent features to help people be more organized, stay focused, and get in sync. The annual list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. We’re proud to announce that Dropbox has ranked as #4 in the Workplace category on this year’s list of Most Innovative companies by Fast Company.
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