Cloud Storage Company Raises $50 Million has raised a new round of $50 million in funding. Investors in this round include, Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners, and U.S. Venture Partners. has now raised a total of $128 million. has 7 million users and 300 million documents are stored on their service. was founded in 2005 by Aaron Levie and Dylan Smith in 2005. About 77% of the Fortune 500 uses’s cloud storage solutions service. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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