Quantcast
Connect with us

Online storage start-up firm raises $100 million to go global

Published

on

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.

ADVERTISEMENT

“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.

ADVERTISEMENT

“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.

ADVERTISEMENT

“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.

ADVERTISEMENT

[Image via Agence France-Presse]


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Ex-acting AG Matt Whitaker blasted as ‘an embarrassment’: Ex-prosecutor says ‘the guy’s an idiot’

Published

on

Former federal prosecutor Cynthia Alksne blasted for acting Attorney General Matt Whitaker during a Wednesday appearance on MSNBC.

Anchor Chris Matthews played a clip of Whitaker telling Fox News that abuse of power is not a crime. The statement was viewed as an acknowledgment that Trump had abused power.

Continue Reading

CNN

‘He’s long ago left the fact-based world’: Ex-CIA operative takes down Trump’s lies about recapturing ISIS fighters

Published

on

On Wednesday's edition of CNN's "OutFront," former CIA operative Bob Baer destroyed President Donald Trump's claims that ISIS fighters in Syria have mostly been recaptured.

"Okay. So you heard him, right? They've been largely recaptured and there were only a few who got out," said anchor Erin Burnett. "Unfortunately, it's not true. His own special envoy for Syria and the Global Coalition to Defeat ISIS an hour before the president said that, said the exact opposite thing about the escaped ISIS fighters."

"We would say that the number is now over a hundred," said Ambassador James Jeffrey in the clip. "We do not know where they are."

Continue Reading
 

Breaking Banner

‘I will be buying an AR-15’: MLB investigating umpire who called for civil war if Trump is impeached

Published

on

On Wednesday, ESPN reported that baseball officials are looking into a tweet by Major League umpire Rob Drake, in which he announced he was buying a semiautomatic rifle in preparation for the civil war that would erupt if President Donald Trump is impeached.

"I will be buying an AR-15 tomorrow, because if you impeach MY PRESIDENT this way, YOU WILL HAVE ANOTHER CIVAL [sic] WAR!!! #MAGA2020" tweeted Drake, who has umpired postseason games since 2010 and lives in Arizona.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image