Enterprise Cloud Storage Platform Box.net Raises $48M


Cloud storage and collaboration startup Box.net has raised $48 million in new funding led by Meritech Capital Partners with Andreessen HorowitzEmergence Capital PartnersDraper 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).

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.

A month ago, Box unveiled a brand new version of its storage application, with a new UI, seamless document viewing experience and more collaborative features around file sharing and document storage. Box also added an application marketplace that include apps from Salesforce, Google Apps, NetSuite, Yammer and others. And last year brought storage plans,file syncing and more to Box’s platform.