Raises $48M For Cloud Storage Platform


Posted on 24th February 2011 by cloudhostingguy in Cloud Hosting

, , , , has raised $48 million in new funding to enhance and grow it’s cloud storage platform.  The new round of funding was led by Meritech Capital Partners with Andreessen Horowitz, Emergence Capital Partners, Draper Fisher Jurvetson, Scale Venture Partners and US Venture Partners. This brings the company’s total funding to $78 million.

Box started as a simple cloud storage platform to a collaborative enterprise offering with mobile and social capabilities. The company now stores 300 million documents on its platform (more than the Library Of Congress) and has accumulated 5 million users (up from 4 million last year).

Enterprise customers include DreamWorks, Cisco and Dell and 60,000 other companies, or 73% of the Fortune 500, use Box to share, access and collaborate on business content online, as well as from iPads, iPhones and Android devices. In fact, Box has seen 400,000 downloads for its iOS and Android apps.

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