Box

  • Box Plans Deep Office 365 Integration As It Removes Storage Caps For Business Customers

    Box Plans Deep Office 365 Integration As It Removes Storage Caps For Business Customers

    This morning Box announced that it will integrate its cloud storage solution into Microsoft’s popular Office 365 productivity suite. The company also indicated that its ‘Business’ SKU will no longer have a file storage cap, joining its ‘Enterprise’ SKU in having unlimited storage attached to each user’s account. The storage play is simple: As the amount… Read More

  • Inside Box’s Updated S-1

    Inside Box’s Updated S-1

    After much ado and pomp, Box released its updated S-1 document yesterday, revamping some of its usage statistics, and detailing the results of its fiscal first quarter. The company posted revenue of $45.3 million in the period, up 93.6 percent year-over-year. Its net loss totaled $38.5 million in the quarter, up a slimmer 13 percent. Read More

  • [Updated] Cloudian Raises $24 Million Because Not Everything Needs To Live In “The Cloud”

    [Updated] Cloudian Raises $24 Million Because Not Everything Needs To Live In “The Cloud”

    As the cloud storage provider Box continues to slouch toward its public offering (staggering under the weight of new invested capital), a number of startups continue to raise cash on the premise that sometimes sensitive data needs to remain grounded. Read More

  • Box’s Q1 Revenue Nearly Doubles As Its Losses Expand A More Modest 13%

    Box’s Q1 Revenue Nearly Doubles As Its Losses Expand A More Modest 13%

    This afternoon, Box pulled the trigger on its updated S-1 document, detailing its fiscal first quarter financial performance. For the three-month period, Box had revenue of $45.3 million, and a loss of $38.5 million. The revenue figure is up 93.6 percent, and the loss total is up a more modest 13 percent. Read More

  • Box Picks Up $150M More As It Waits For Favorable IPO Winds

    Box Picks Up $150M More As It Waits For Favorable IPO Winds

    Box, a file-storage and management firm, has raised another $150 million from TPG and Coatue, according to the Wall Street Journal. The company had previously raised $414.1 million, making its total funding in excess of $550 million. TechCrunch has confirmed the amount through a source. Previously, Box filed to go public, with its S-1 document detailing rapid revenue growth. Its top line… Read More

  • The Race To Ubiquitous, Free Cloud Storage

    The Race To Ubiquitous, Free Cloud Storage

    Two interesting things happened today in the realm of cloud storage: Microsoft cut its prices for OneDrive and gave out more free gigabytes, and Box took its editing tool Box Notes mobile. Both fit neatly into the current market arc relating to cloud storage: The price per gigabyte for consumers and customers is going to zero, and storage companies are looking to diversify their… Read More

  • Box Said To Move Forward With Its Debut As The Tech IPO Market Perks Up

    Box Said To Move Forward With Its Debut As The Tech IPO Market Perks Up

    Box, a cloud storage and file management company, could be moving its IPO forward once again. Box famously filed, and then didn’t hit go on, its offering in the time frame that the market initially expected. A deterioration in market sentiment and the share price decline of a number of growth technology stocks led to a general slowdown in the IPO pipeline. Read More

  • Dropbox, Box Competition Heats Up As Companies Buy Early-Stage Startups On Same Day

    Dropbox, Box Competition Heats Up As Companies Buy Early-Stage Startups On Same Day

    When two closely competing companies make purchases on the same day, it’s probably fair to say that it’s not a coincidence. Such was the case yesterday when Box and Dropbox purchased early stage startups only hours apart. In fact, the cloud startups with similar names have been on mini buying sprees of late, fighting to fill in holes and improve their products as they march toward… Read More

  • Box Acquires YC-Backed Streem

    Box Acquires YC-Backed Streem

    This morning Box, a cloud-based file-management service, announced that it has acquired Streem, a Y Combinator-backed company that allows customers to “stream” files to their desktop environments. Box declined to share terms of the agreement, but did note in an email that it bought the company using a blend of cash and stock. The four members of Streem will join Box. Read More

  • The Platform Wars

    The Platform Wars

    During its WWDC keynote this year, Apple took on the world: Dropbox, Box, OneDrive and Google Drive for cloud storage; WhatsApp, Snapchat and BBM for messaging; Skype and your cell phone for calls; Google for search; and so on. Hell, Apple even took on Objective-C. Read More

  • Box Courts Nonprofits With Free And Discounted Cloud Storage

    Box Courts Nonprofits With Free And Discounted Cloud Storage

    Box, a cloud storage provider, today announced Box.org, an effort to offer free and discounted products to nonprofit and development organizations. It’s a simple plan: 10 free licenses per group, and then 50 percent discounted service above that point. Box, which has gross margins of 79 percent as reported in its recent financial filings, can afford the discount. Also, presumably, as… Read More

  • Box Scores Huge Win With GE

    Box Scores Huge Win With GE

    Box announced a huge customer score this morning with General Electric agreeing to use Box across the entire organization. According to Box, this will involve rolling out the service to 300,000 GE employees across 170 countries. GE is betting that Box will help them collaborate internally and externally with partners and take advantage of mobile and the cloud. In a time when companies are… Read More

  • Box, Foursquare, SpaceX Backer DFJ Growth Raises $470M For Later-Stage Investments

    Box, Foursquare, SpaceX Backer DFJ Growth Raises $470M For Later-Stage Investments

    DFJ Growth, the DFJ investment practice that focuses on later-stage investments in technology startups, has closed its latest fund of $470 million. This was an oversubscribed round that fund co-founder and MD Barry Schuler tells me was originally intended to be only $350 million. That underscores two things: a lot of companies that have sprouted in the last several years are now approaching… Read More

  • With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products

    With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products

    Square and Box would seem to be the very epitome of every startup founder’s dream of reaching the pinnacle of entrepreneurial success. Take a kernel of an idea and turn it into a massive, multi-billion-dollar company that publicly debuts in an IPO. For the founders involved, the exhilaration and elation of that drive to the top must be deeply palpable, and at times it probably seems… Read More

  • Box IPO Delay Wouldn’t Be Without Compromises

    Box IPO Delay Wouldn’t Be Without Compromises

    It hasn’t been a great couple of weeks for Box. First came word that Intralinks bought DocTrackr, an information rights management vendor that Box reportedly had its eye on. Then last night, the Wall Street Journal and others were reporting that Box plans to delay its IPO. What’s happening here? It could be a case of simple bad timing or even misinterpretation. For what… Read More

  • Box Might Put Its IPO Back In The Box

    Box Might Put Its IPO Back In The Box

    Box was rumored to have filed to go public on January 31. On March 24, its S-1 dropped, showing the world quick revenue growth but stubborn and expanding losses. Today the Wall Street Journal reports that Box could go public in June, far later than the market previously anticipated. Quartz, citing sources, reported today that Box could go public around May 26. Read More

  • Box Defeats Preliminary Injunction In OpenText’s $268M Patent Infringement Case

    Box Defeats Preliminary Injunction In OpenText’s $268M Patent Infringement Case

    Some positive legal news for Box, the cloud services company that is preparing for an IPO. A judge has denied a motion for a preliminary injunction of one of its products — originally requested by the Luxembourg-based subsidiary of Canada’s OpenText, one part of a larger, $268 million patent infringement suit covering 12 patents. Read More

  • Zendesk IPO Bears Striking Similarities To Box

    Zendesk IPO Bears Striking Similarities To Box

    Zendesk announced its initial public offering today, a modest one at $150 million, but the S-1 filing in some ways bears striking similarities to Box’s a couple of weeks ago in that there is a lot of red ink here. Box also had a modest goal, although $100 million more than Zendesk’s at $250 million. Zendesk wrote in the Risks section, “We have a history of losses and we… Read More

  • The Shifting IPO Market

    The Shifting IPO Market

    Once the Facebook hangover had lifted, Marketo and Tableau had big openings, and Twitter smashed the world on its opening day, the door for IPOs appeared to be wide open. King Digital and Aerohive both pulled the trigger, and Box is on deck. The market reaction to Aerohive and King has been flat to negative. Even more, Aerohive mentioned that it saw a “deterioration” in the… Read More

  • Hotshot CEO Aaron Levie Will Only Own About 5.7% Of Box When It IPOs, Investor DFJ Owns 25.5%

    Hotshot CEO Aaron Levie Will Only Own About 5.7% Of Box When It IPOs, Investor DFJ Owns 25.5%

    Box CEO Aaron Levie is credited with bringing sexy back to enterprise startups, but the big surprise in Box’s S-1 IPO document filed today is that Levie only owns 5.7% percent of the company. Meanwhile, Draper Fisher Jurvetson owns 25.5 percent. The numbers reveal Levie sold off much of his startup to raise the $414 million that funded Box’s rise to become an enterprise brand name. Read More