CloudOn Acquired By Dropbox

January 21, 2015 | One of the world’s largest cloud file-sharing platforms, Dropbox, has acquired Israeli company CloudOn, a company that has developed platforms for mobile document editing. CloudOn’s platform allows for users to edit documents on any of the widely used cloud sharing platforms – Google Drive, Dropbox, Box etc. Founded in 2009 by Jay Zaveri, Milind Gadekar, and Meir Morgenstern, CloudOn raised $26 million in funding before it was acquired by Dropbox, serving over 9 million users, according to the company. With news of the acquisition, the company will reportedly shut down their service for two months, and will not accept new users. In addition, according to a TechCrunch report, CloudOn’s Herzliya offices will now become Dropbox’s first offices in Israel.