Box.net raises $48M in 4th round

The company won the Cloud Computing category in the Silicon Valley/San Jose Business Journal's 2009 Fast Private awards.

"With this new capital and our current momentum, Box is positioned to redefine an industry, much as Salesforce.com has done for CRM and NetSuite for ERP," said Aaron Levie, co-founder and CEO. "We want to bring Box's cloud content management to businesses of all sizes, all over the world; we'll aggressively outperform legacy software solutions on cost, flexibility, user experience, and speed of research, during pushing on our freemium business model to make it incredibly easy for individuals and companies alike to adopt Box."

The past year

Over the past year, Box.net said it has brought on senior talent from enterprise and innovation leaders Salesforce.com, Google, Oracle, EMC, and Intuit, and with this new capital will continue to "hire aggressively" to double its team of 140 employees over the then 12-18 months.

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