Box.net Raises $81 Million With Valuation That Is Over $600 Million
Cloud storage company Box.net has raised $81 million in Series D funding from Salesforce.com, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, Andreessen Horowitz, and Draper Fisher Jurvetson. Box.net has now raised a total of $162 million. This puts Box.net’s valuation at over $600 million.
Box.net has 7 million users and stores about 300 million documents. Box.net was founded in 2005 by Aaron Levie and Dylan Smith from their dorm rooms in 2005. Box.net currently provides cloud storage to 77% of the Fortune 500. About 100,000 businesses are using Box.net’s services and 250,000 new users are joining every month.
Box.net has even received several acquisition offers that was roughly worth about $500 million. The company eventually plans on going public.