In 2011, the company raised $48 million in funding to support its data centers. īox also expanded internationally, with offices in London, Berlin, and Tokyo, among other locations. The company started developing its first industry-specific features for heavily regulated industries in 2012, when it introduced tools for HIPAA compliance at healthcare organizations. In 2011, a reworked version of the Box service was released with technical improvements designed for handling large numbers of business users, changes to the user interface, and more collaboration features. In 2009, it acquired Increo Solutions, which developed software for previewing and collaborating on digital files. The company developed features to embed Box in common business applications or use APIs to integrate with them. Box pivoted to focus on business users around 20. īox was initially focused on consumers, but many of those consumers used the service at work. By 2010, the company had raised $29.5 million in funding and the service had four million users. It raised $1.5 million in series A funding in 2006 and $6 million in Series B funding in 2008. In the first year after its release, the company's revenue was in the tens of thousands of dollars. The founders relied on their own money as well as support from friends and family members, until Mark Cuban invested $350,000 in seed funding in 2005.
Levie and Smith were joined by cofounders Jeff Queisser and Sam Ghods. Initially, the software was developed in the attic of Smith's parents' house, then in a garage owned by Levie's uncle that had been converted into a living space. In 2005, Levie dropped out of school to work on Box full-time with long-time friend and cofounder Dylan Smith. He wrote a paper for school on the industry for storing digital files online and started developing the Box service in 2004. The idea for Box.com started in 2003 with Aaron Levie, who was a business student at University of Southern California. Users can then comment on the files, share them, apply workflows, and implement security and governance policies. Its software allows users to store and manage files in an online folder system accessible from any device. The company raised about $500 million over numerous funding rounds, before going public in 2015. Initially, it focused on consumers, but around 20 Box pivoted to focus on business users. Box was founded in 2005 by Aaron Levie and Dylan Smith. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. (formerly Box.net) is a public company based in Redwood City, California.
0 kommentar(er)
