Box (company)

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Box Inc.
Box (Company logo).svg
Type of site Public
Traded as NYSEBOX
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 OS X, and several mobile platforms. Box was founded in 2005.

Business model[edit]

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 IBM,[9] GE,[10] Schneider Electric,[11] and Procter & Gamble.[12]

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.[13]

History[edit]

Box was originally developed as a college project of Aaron Levie while 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.[14][15]

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.[16]

In July 2014, Box received $150M from Coatue Management and TPG Capital in a series G funding round.[17]

In November 2014, Box acquired two-man medical-imaging software startup MedXT for $3.84 million.[18]

See also[edit]

References[edit]

  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. ^ "IBM and Box Forge Global Partnership to Transform Work in the Cloud". 
  10. ^ Ron Miller. "Box Scores Huge Win With GE". TechCrunch. AOL. 
  11. ^ "Consumer Technology". CIO. 
  12. ^ "How P&> Promotes Box File Sharing". InformationWeek. 
  13. ^ "Box Platform Developer Documentation / Welcome to the Box Platform". Developers.box.net. Archived from the original on June 22, 2013. Retrieved 2013-06-27. 
  14. ^ Ha, Anthony. "Box Raises $125M To Target Global Growth And Large Enterprises, Round Led By General Atlantic". TechCrunch. Retrieved 16 December 2015. 
  15. ^ "Box Announces $125 Million Investment to Fuel Enterprise Growth". General Atlantic website. Retrieved 16 December 2015. 
  16. ^ Darrow, Barb. "Yowza: Box touts $100M investment to fund global land grab". Gigaom. Retrieved 16 December 2015. 
  17. ^ Wilhelm, Alex. "Box Picks Up $150M More As It Waits For Favorable IPO Winds". TechCrunch. Retrieved 16 December 2015. 
  18. ^ By Jordan Novet, VentureBeat. “Box paid out $3.8M in stock to buy MedXT.” November 17, 2014. November 17, 2014.

External links[edit]