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February 24, 2011 07:32 pm GMT

Enterprise Cloud Storage Platform Box.net Raises $48M From Andreessen Horowitz And Others

Cloud storage and collaboration startup Box.net has raised $48 million in new funding 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. Over the past four years, Box has evolved from 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).

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