I applied through university, and there were two rounds.
One on campus (at university) and one on-site (at their SF office).
The on-site consisted of the usual interview questions and a lunch in their very fancy dining area.
Lots of questions from different categories.
The following metrics were computed from 204 interview experiences for the Dropbox Software Engineer role in United States.
Dropbox's interview process for their Software Engineer roles in the United States is extremely selective, failing the vast majority of engineers.
Candidates reported having good feelings for Dropbox's Software Engineer interview process in United States.