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September 28, 2011 09:30 pm GMT

Cloud Storage Platform Box.net Raises $50 Million From Salesforce And Others

box-netCloud storage platform Box.net has raised a whopping $50 million in new funding with participation from CRM giant Salesforce.com. Past investors also participated in the round, as well as new 'strategic partners', who will be revealed soon. Box's past investors include Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners and U.S. Venture Partners. This brings Box's total funding to $128 million.Box, which has 7 million users and stores over 300 million documents, is a cloud storage platform for the enterprise that comes with collaboration, social and mobile functionality. Box has evolved into more than just a fils storage platform, and has become a full-fledged collaborative application where businesses can actually communicate about document updates, sync files remotely, and even add features from Salesforce, Google Apps, NetSuite, Yammer and others.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/M__-ib5QbUI/

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