25 February 2011
Can Box.net A sum of $ 48 Million New Investment
WASHINGTON - Box . net, online file storage and enterprise software maker , has received fresh funding of USD 48 million from investors . According to the Wall Street Journal, the fund will make a Box . net to extend its expansion, such as increasing the number of employees and reduce their mobile application development. Similarly , as quoted from the IT ProPortal, Friday ( 25 / 2 / 2011 ) . Boxnet offer web- based tools that allow companies and individuals to store files online . Service Box . net has been used by 5 million users in 60 thousand companies, of which 73 percent of it is the world ' s top 500 companies. Some well - known clients of the Box . net is a Cisco and Panasonic. New funding for the Box . net is led by Meritech Capital Partners , a firm that also invested in Facebook , NetSuite and Salesforce. com . There was also a new investor like Andreessen and Horowitz Emergence Capital Partners . Investors long in Box . net , Draper Fisher Jurvetson , Scale Venture Partners and U . S . Venture Partners, also took part in the new funding . Aaron Levie, Chief Executive of the Box . net, founded the company in 2005 while still studying at the University of Southern California.