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October 11, 2011 07:59 pm GMT
Cloud storage platform Box.net has raised $81 million in Series D funding from strategic investors Salesforce.comand SAP Ventures with Bessemer Venture Partners, NEA, and prior investors including Andreessen Horowitz and Draper Fisher Jurvetson Growth participating in the round. The new investment brings Boxs total capital raised to $162 million (the $50 million round we reported on a few weeks ago is part of this D round). We've heard from sources close to the company that the Box's valuation was above $500 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/MrSjytg7orI/
Cloud Storage Platform Box.net Raises $81M From Salesforce, SAP At $600M-Plus Valuation
Cloud storage platform Box.net has raised $81 million in Series D funding from strategic investors Salesforce.comand SAP Ventures with Bessemer Venture Partners, NEA, and prior investors including Andreessen Horowitz and Draper Fisher Jurvetson Growth participating in the round. The new investment brings Boxs total capital raised to $162 million (the $50 million round we reported on a few weeks ago is part of this D round). We've heard from sources close to the company that the Box's valuation was above $500 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/MrSjytg7orI/
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