Box (company)

Box Inc.
Type Public
Traded as NYSE: BOX
Headquarters Redwood City, California
Founder(s) Aaron Levie, Dylan Smith, Sam Ghods, Jeff Queisser[1]
Key people Aaron Levie (CEO)
Dan Levin (COO, President)
Dylan Smith (CFO)
Industry Technology
Employees 1250 (as of 2015)[2]
Website www.box.com
Alexa rank 559 (December 2015)[3]
Launched 2005 in Mercer Island, Washington

Box (formerly Box.net), based in Redwood City, California, is an online file sharing and content management service for businesses. The company uses a freemium business model to provide cloud storage and file hosting for personal accounts and businesses.[4] Official clients and apps are available for Windows, Mac OSX, and several mobile platforms. Box was founded in 2005.

Business model

Box is a cloud computing business which provides file-sharing, collaborating, and other tools for working with files that are uploaded to its servers. Users can determine how their content can be shared with other users.[5] Users may invite others to view and/or edit an account's shared files, upload documents and photos to a shared files folder (and thus share those documents outside of Box), and give other users rights to view shared files.[6]

Box offers three account types: Enterprise, Business and Personal.[7] There are official clients offered for Windows and OS X, but not for Linux. A mobile version of the service is available for Android, BlackBerry 10, iOS, WebOS, and Windows Phone devices.[8]

Box's enterprise clients include GE,[9] Schneider Electric,[10] and Procter & Gamble.[11]

In December 2007 the company announced OpenBox, which allows developers to create services that interact with files on both Box.com and competing web-based applications and services. The application programming interface is implemented over conventional XML.[12]

History

Box was originally developed as a college project Aaron Levie when he was a student of the University of Southern California in 2004. Levie left school to pursue the company full time in 2005. Levie became CEO, while his childhood friend Dylan Smith became CFO.

In July 2012, Box secured $125M in a funding round led by growth equity firm General Atlantic, joined by investors Bessemer Venture Partners, DFJ Growth, New Enterprise Associates, SAP Ventures, Scale Venture Partners, and Social + Capital Partnership.[13][14]

In December 2013, eight investors participated in a $100M series F funding round. Investors included Coatue Management, DFJ Growth, Itochu Technology Ventures, Macnica Networks Corp., Mitsui & Co, Telefónica Digital, Telstra, and Telstra Ventures.[15]

In July 2014, Box received $150M from Coatue Management and TPG Capital in a series G funding round.[16]

In November 2014, Box acquired two-man medical-imaging software startup MedXT for $3.84 million.[17]

See also

References

  1. ↑ "Reinventing Collaboration - Leadership - Box". box.com.
  2. ↑ Data Storage Player Prepares to Compete Overseas
  3. ↑ "box.com Site Overview". Alexa Internet. Retrieved 2015-12-08.
  4. ↑ Fisher, Sharon (2010-11-03). "Box.net Expands Capacity And Services – Network Computing". Networkcomputing.com. Retrieved 2013-06-27.
  5. ↑ "Box Privacy Policy". box.com.
  6. ↑ "Privacy Policy". Box. 2012-06-13. Retrieved 2013-06-14.
  7. ↑ "Select a Plan". Box. Retrieved 2013-06-14.
  8. ↑ "Box Mobile Access". Box.com. Retrieved 2013-06-27.
  9. ↑ Ron Miller. "Box Scores Huge Win With GE". TechCrunch. AOL.
  10. ↑ "Consumer Technology". CIO.
  11. ↑ "How P&> Promotes Box File Sharing". InformationWeek.
  12. ↑ "Box Platform Developer Documentation / Welcome to the Box Platform". Developers.box.net. Archived from the original on June 22, 2013. Retrieved 2013-06-27.
  13. ↑ Ha, Anthony. "Box Raises $125M To Target Global Growth And Large Enterprises, Round Led By General Atlantic". TechCrunch. Retrieved 16 December 2015.
  14. ↑ "Box Announces $125 Million Investment to Fuel Enterprise Growth". General Atlantic website. Retrieved 16 December 2015.
  15. ↑ Darrow, Barb. "Yowza: Box touts $100M investment to fund global land grab". Gigaom. Retrieved 16 December 2015.
  16. ↑ Wilhelm, Alex. "Box Picks Up $150M More As It Waits For Favorable IPO Winds". TechCrunch. Retrieved 16 December 2015.
  17. ↑ By Jordan Novet, VentureBeat. “Box paid out $3.8M in stock to buy MedXT.” November 17, 2014. November 17, 2014.

External links

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