Web-based File Storage Firm Box.net Raises $1.5 Million

Authored by Mark Hefflinger on October 25, 2006 - 1:44pm.

Palo Alto, Calif. - Box.net, a provider of Web-based file storage and sharing services, said that it has raised $1.5 million in its first round of funding from Draper Fisher Jurvetson (DFJ). The company also said that it has now registered more than 500,000 users in its first seven months. Aaron Levie, the CEO of Box.net, said that the new capital will allow his company to expand its service and enter new markets. In addition to providing simple online storage, Palo Alto, Calif.-based Box.net's platform allows users to upload, access, share and collaborate on their files within third-party applications and devices.

Related Links:
http://biz.yahoo.com/bw/061023/20061023006139.html?.v=1
http://www.box.net