Box.net Raises $81 Million in funding to take on Microsoft, Oracle, IBM

Box.net Raises $81 Million in funding to take on Microsoft, Oracle, IBM

Mashable is reporting that Box.net, a popular cloud-based file storage and content management service, has raised $81 million in funding to take on Microsoft, Oracle, IBM and others in the enterprise space.

Box.net also announced the launch of the Box Innovation Network (/bin), a program to create a new ecosystem for enterprise applications, specifically mobile apps.

“We need to provide an amazing experience for the 100,000 businesses already using Box, including 77% of the Fortune 500, while growing our global user base at an unprecedented pace,” co-founder and CEO Aaron Levie said in a blog post. “And we need to invest aggressively in scaling our team and infrastructure – two things that will always require significant capital, when done correctly.”

Full Story at Mashable >>