Subscribe free to our newsletters via your
. Space Industry and Business News .




TECH SPACE
Cloud firm Box raises $100 mn
by Staff Writers
New York (AFP) Dec 06, 2013


Cloud storage startup Box, launched from a college dorm in 2005, has raised $100 million in new capital to help fund a global expansion.

The latest funding gives Box, which competes with firms like Dropbox as well as Google and Microsoft, a value of some $2 billion, according to the news blog TechCrunch.

Box said in a statement late Thursday that the new capital comes from Japanese partners Itochu Technology Ventures, Inc., Macnica, and Mitsui USA and MKI; European firm Telefonica; Australia's Telstra, and other investors.

"The combination of cloud and mobile technologies creates an entirely new way of working that will fundamentally reshape the IT industry," said Aaron Levie, co-founder and chief executive of Box.

Levie said in a blog post that the company is "working to support and reach enterprises everywhere in the world."

It currently is offered in 13 languages in addition to English and some 40 percent of its activity is outside the US market.

"In 2012, we opened our first international office in London," he said.

"Today, we have a team of 90 people throughout Europe... Next up is Japan."

He said Box partners will also help expand into Latin America and Australia.

"The coming year will be an exciting one for Box," he added.

"In addition to expanding our global presence, we'll be doubling down on creating amazing new experiences for end users, solving the most complex IT challenges simply and elegantly, and building a more powerful platform and ecosystem."

Levie founded the company in his dorm at the University of Southern California in 2005 with his friend Dylan Smith, who is chief financial officer.

Box claims more than 20 million users worldwide including 180,000 businesses.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TECH SPACE
Uncovering hidden structures in massive data collections
Princeton NJ (SPX) Dec 05, 2013
Advances in computer storage have created collections of data so huge that researchers often have trouble uncovering critical patterns in connections among individual items, making it difficult for them to realize fully the power of computing as a research tool. Now, computer scientists at Princeton University have developed a method that offers a solution to this data overload. Using a ma ... read more


TECH SPACE
Cloud firm Box raises $100 mn

Laser Communication Mission Targets 2017 Launch

New Effect Couples Electricity and Magnetism in Materials

Satellite Cooling System Breakthrough Developed by Lockheed Martin Space Systems

TECH SPACE
US Navy Accepts MUOS-2 Satellite, Ground Stations After On-Orbit Testing

Boeing Tests Validate Performance of FAB-T Satellite Communications Program

Intelsat General To Provide Satellite Services To US Marines

Manpack Radios in Arctic Connect with MUOS Satellites Orbiting Equator

TECH SPACE
Third time a charm: SpaceX launches commercial satellite

Arianespace's role as a partner for the US satellite industry

SpaceX postpones first satellite launch

Second rocket launch site depends on satellite size, cost-benefit

TECH SPACE
'Smart' wig navigates by GPS, monitors brainwaves

CIA, Pentagon trying to hinder construction of GLONASS stations in US

GPS 3 Prototype Communicates With GPS Constellation

Russia to enforce GLONASS Over GPS

TECH SPACE
Northrop Grumman Team Demonstrates Virtual Air Refueling Across Distributed Simulator Locations for USAF

Purdue science balloon, thought lost, makes dramatic return to campus

German helicopter deal examined by federal auditors: report

US telling airlines to stay safe in East China Sea

TECH SPACE
A step closer to composite-based electronics

50 Meters of Optical Fiber Shrunk to the Size of Microchips

Chips meet Tubes: World's First Terahertz Vacuum Amplifier

NIST demonstrates how losing information can benefit quantum computing

TECH SPACE
Mysteries of Earth's radiation belts uncovered by NASA twin spacecraft

Mapping the world's largest coral reef

Indra To Manage And Operate The Main Sentinel-2

NASA iPad app highlights the face of a changing Earth

TECH SPACE
Hong Kong announces new air pollution index

UCSB researcher shows microplastic transfers chemicals, impacting health

Madrid street-sweepers call off strike: union

Everyday chemical exposure linked to preterm births




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement