Box.net | Online file sharing, content management, collaboration. Box.net Raises $81 Million to Take on Microsoft. Box.net, a popular cloud-based file storage and content management service, has raised $81 million in funding to take on Microsoft, Oracle, IBM and others in the enterprise space. Box.net also announced the launch of the Box Innovation Network (/bin), a program to create a new ecosystem for enterprise applications, specifically mobile apps. Bessemer Venture Partners and NEA led the funding round. In addition, SAP Ventures and Salesforce are participating as strategic investors. Previous investors Andreesen Horowitz and Draper Fisher Jurvetson also participated in the Series D expansion round.
"We need to provide an amazing experience for the 100,000 businesses already using Box, including 77% of the Fortune 500, while growing our global user base at an unprecedented pace," co-founder and CEO Aaron Levie said in a blog post. "And we need to invest aggressively in scaling our team and infrastructure – two things that will always require significant capital, when done correctly. " Presentation Software | Online Presentation Tools | Web Presentations | SlideRocket.
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