Often, a copy of the files are also stored on the user's devices, then synchronized with the online version. īox stores files in an online folder system that can be accessed from any device with an internet connection.
#What is business in a box software software#
As of 2017, there are about 41 million users, constituting 6.5% of the market for software that helps manage, share, and collaborate on digital files. Box is used to manage, share, and collaborate on digital files.
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There is a core Box service, then add-ons for different industries and situations. Features Ī screenshot of Box.com's mobile user interfaceīox.com is a cloud-based content management system with collaboration, security, analytics and other features related to files and information. It announced a new version with improved integration with video-conference software like Zoom, as well as a feature called Collections that allows users to customize their personal folder structure. īox accelerated its development plans for certain features in response to the number of people working from home during the COVID-19 pandemic. Box acquired e-signature startup SignRequest for $55 million, in February 2021. In July 2018, Box acquired search engine company Butter.ai. Box moved its headquarters to its current location in Redwood City, California in January 2016. The following February, it acquired cloud management service Airpost. In November 2014, Box acquired MedXT, which developed medical software, for $3.84 million. The IPO raised $175 million and established a market capitalization of about $1.6 billion. It opened at $20.20 and closed at $23.23. īox had an initial public offering on the New York Stock Exchange on January 23, 2015. The company also purchased Streem for its technology that synchronizes files between devices and online files. These included the 2013 acquisition of Crocodoc, which developed software for opening documents online, and dLoop, which focused on analytics related to digital files. This was followed by an additional $125 million in funding round the next year, $100 million in 2013, and $150 million in 2014. 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.
#What is business in a box software series#
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.
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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.